Question
A, B and C invested in partnership. A invest Rs.6000 for
4 months, B invests Rs.4000 for 3 months and C invests Rs.12000 for 2 months. C is working partner so he will get 5% extra of total profit. Find profit share of C if total profit at the end of the year is Rs.8200.Solution
Ratio of profit share of A, B and C = 6000 x 4 + 4000 x 3 + 12000 x 2 = 2:1:2 Profit share of C out of total profit = [8200 x (5/100)] + [8200 x (95/100) x (2/5)] = Rs.3526
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