Knowee
Questions
Features
Study Tools

Select the correct answerA and B entered in to a partnership with investments of Rs. 15000 and Rs. 40000 respectively. After 3 months A left from the business, at the same time C joins with Rs. 30000, At the end of 9 months they got Rs. 7800 as profit. Find the share of B?OptionsRs. 6000Rs. 4800Rs. 7400Rs. 1720

Question

Select the correct answerA and B entered in to a partnership with investments of Rs. 15000 and Rs. 40000 respectively. After 3 months A left from the business, at the same time C joins with Rs. 30000, At the end of 9 months they got Rs. 7800 as profit. Find the share of B?OptionsRs. 6000Rs. 4800Rs. 7400Rs. 1720

🧐 Not the exact question you are looking for?Go ask a question

Solution

The profit in a partnership is divided in the ratio of the product of the investment and the time period for each partner.

  1. A's investment was Rs. 15000 and he was in the business for 3 months. So, A's share = 15000 * 3 = 45000
  2. B's investment was Rs. 40000 and he was in the business for the entire 9 months. So, B's share = 40000 * 9 = 360000
  3. C's investment was Rs. 30000 and he was in the business for the remaining 6 months (after A left). So, C's share = 30000 * 6 = 180000

The total share is 45000 (A's share) + 360000 (B's share) + 180000 (C's share) = 585000

The profit was Rs. 7800. So, the share of each partner will be their share of the total share multiplied by the profit.

B's share of the profit = (B's share / total share) * profit = (360000 / 585000) * 7800 = Rs. 4800

So, the correct answer is Rs. 4800.

This problem has been solved

Similar Questions

Select the correct answerA started a business with Rs. 18000. After 4 months B joins with Rs. 24000. After 2 more months C joins with Rs. 30000. At the end of 10 months C received Rs. 1850 as his share. Find the total profit?OptionsRs. 6510Rs. 9030Rs. 1955Rs. 6845

elect the correct answerA, B and C invested Rs. 45000, Rs. 70000 and Rs. 90000 respectively to start a business. At the end of 2 years, they earned a profit of Rs. 164000. What will be B’s share in the profit?OptionsRs. 56000Rs.5000Rs. 9000None

Select the correct answerA started business by investing RS. 25000. After 3 months B joined. At the end of 9 months from the beginning they shared profit in the ratio 15:16. what was the capital of B.OptionsRS. 40000RS. 60000RS. 25000RS. 50000RS. 30000

A, B and C enter into partnership.A invests 3 times as much as B invests and B invests two third of what C invests.At the end of the year, the profit earned is Rs.8500.What is the share of B?Rs.1245.50Rs.1623.53Rs.1545.45Rs.1145.15

Select the correct answerA, B and C enter in to a partnership and their shares are in the ratio ½:1/3:1/4. After 2 months, A withdraw half of his capital and after 10 months, a profit of RS. 378 is divided among them. What is B’s share?OptionsRS. 156RS. 144RS. 170RS. 129RS. 168

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.