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Partnership Practice Test 1
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© examsnet.com
Question : 29
Total: 40
A, B and C enter into a partnership with capitals Rs. 40,000, Rs. 80,000 and Rs. 1,20,000 respectively. At the end of the first year, B withdraws Rs. 40,000 while at the second year, C withdraws Rs. 80,000. In what ratio will the profit be shared at the end of 3 years?
2 : 3 : 6
3 : 4 : 7
4 : 5 : 7
4 : 5 : 9
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Solution:
👈: Video Solution
Ratio of their capitals
= (40000 × 36) : (80000 × 12 + 40000 × 24) : (1,20,000 × 24 + 40000 × 12)
= 3 : 4 : 7
Hence, ratio of their profits = 3 : 4 : 7
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