Three partners Amit, Binod and Chanda Funded their amounts in 4:3:10. At the end of 5 months, Amit withdraws his amount such that total investment of Amit and Binod will be ½ to Chanda’s opening investment. If Binod portion in profit is Rs 1008. What will be the annual profit.
Let the ratio of Funded by Amit , Binod and chanda is given as = (4:3:10) x 5 After 5 months, therefore ratio will became - (2:3:10) x 7 Now, the Investment will became=20:15:50 Then, After 5 months it will be =14:21:70 Total profit=(1008 x 190)/36 = = 191520/36 = 5320
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