New 55% Off on All Courses - Enroll Now! Click Here

    Question

    A, B and C invested in partnership. A invest Rs.8000 for

    6 months, B invests Rs.5000 for 4 months and C invests Rs.12000 for 3 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.7800.
    A Rs.2955 Correct Answer Incorrect Answer
    B Rs.2460 Correct Answer Incorrect Answer
    C Rs.2100 Correct Answer Incorrect Answer
    D Rs.2730 Correct Answer Incorrect Answer

    Solution

    Ratio of profit share of A, B and C = 8000 x 6 + 5000 x 4 + 12000 x 3 = 12:5:9 Profit share of C out of total profit = [7800 x (5/100)] + [7800 x (95/100) x (9/26)] = Rs.2955

    Practice Next

    Relevant for Exams: