New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    Three partners, A, B, and C, invest Rs 12,000, Rs

    15,000, and Rs 18,000 respectively in a business. After one year, the total profit generated is Rs 22,500. Since partner A is the managing partner and receives 20% of the total profit, how much profit will each partner receive individually?
    A 5200, 6000, 7200 Correct Answer Incorrect Answer
    B 9300, 6000, 7200 Correct Answer Incorrect Answer
    C 10300, 5500, 6700 Correct Answer Incorrect Answer
    D 8300, 6800, 8000 Correct Answer Incorrect Answer
    E none Correct Answer Incorrect Answer

    Solution

    Total profit = 22,500 Amount A receives as a managing partner = 20% of 22,500 = 4,500 Remaining profit = 22,500 - 4,500 = 18,000 The remaining profit is distributed based on the capital ratio of A, B, and C: Ratio of their profit share = 12000: 15000: 18000 = 4: 5: 6 A's share of the remaining profit = 4/15 × 18000 = 4800 B's share of the remaining profit = 5/15 × 18000 = 6000 C's share of the remaining profit = 6/15 × 18000 = 7,200 Total received by A = 4,500 + 4,800 = 9,300 Total received by B = 6,000 Total received by C = 7,200

    Practice Next

    Relevant for Exams: