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Discussion :: Partnership

  1. A, B and C jointly thought of engaging themselves in a business venture. 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 profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.

  2. A.

    Rs. 1900

    B.

    Rs. 2660

    C.

    Rs. 2800

    D.

    Rs. 2840

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    Answer : Option B

    Explanation :

    For managing, A received = 5% of Rs. 7400 = Rs. 370.

     

    Balance = Rs. (7400 - 370) = Rs. 7030.

     

    Ratio of their investments = (6500 x 6) : (8400 x 5) : (10000 x 3)

      

    = 39000 : 42000 : 30000

      

     = 13 : 14 : 10

     

     B's share = Rs[7030x\( \frac { 14 } {37 } ]\)=Rs. 2660


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