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Partnership Practice Test 4
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© examsnet.com
Question : 21
Total: 26
A, B and C enter into business partnership. It was agreed that A would invest Rs. 6500 for 6 months, B Rs. 8400 for 5 months and C Rs. 10,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profit. The profit earned was Rs. 7400. What is the share of B in this profit?
Rs. 2840
Rs. 2800
Rs. 2660
Rs. 1900
Validate
Solution:
Share of A for extra work
=
5
100
×
7400
= Rs. 370
Rest of profit = 7400 – 370 = Rs. 7030
Ratio of their capitals
= (6500 × 6) : (8400 × 5) : (10000 × 3)
= 13 : 14 : 10
Hence, B's profit =
14
37
×
7030
= Rs. 2660
© examsnet.com
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