Three men A, B and C start a business together. They invest Rs. 30000, Rs. 24000 and Rs. 42000 respectively in the beginning. After 4 months. B took out Rs. 6000 and C took out Rs. 10000. They get a profit of Rs. 11960 at the end of the year. B’s share in the profit is
Three men A, B and C start a business together. They invest Rs. 30000, Rs. 24000 and Rs. 42000 respectively in the beginning. After 4 months. B took out Rs. 6000 and C took out Rs. 10000. They get a profit of Rs. 11960 at the end of the year. B’s share in the profit is
ARs. 2700
BRs. 2803.125
CRs. 2900
DRs. 2785
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Answer is Rs. 2803.125
Explanation:
Ratio of equivalent capitals
= 30000 × 12 : (24000 × 4 + 18000 × 8): (42000 × 4 + 32000 × 8)
= 360000 : 240000 : 424000
= 90 : 60 : 106= 45 : 30 : 53
Sum of ratios = 45 + 30 + 53 = 128
B’s share
= \(\frac{30}{128}\)× 11960 = Rs. 2803.125
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