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Discussion :: Partnership

1.  How much did Rohit get as profit at the year-end in the business done by Nitin, Rohit and Kunal? I. Kunal invested Rs. 8000 for nine months, his profit was $$\frac { 3 } { 2 }$$ times that of Rohit's and his investment was four times that of Nitin. II. Nitin and Rohit invested for one year in the proportion 1 : 2 respectively. III. The three together got Rs. 1000 as profit at the year end.
2.  A. Only I and II B. Only I and III C. Question cannot be answered even with the information in all the three statements. D. All I, II and III E. None of these

Explanation :

and II give:

K = Rs. (8000 x 9) for 1 month = Rs. 72000 for 1 month.

N = Rs.[$$\frac { 1 } {4 }$$x8000x12]for 1 month = Rs. 24000 for 1 month.

R = Rs. 48000 for 1 month.

K : N : R = 72000 : 24000 : 48000 = 3 : 1 : 2.

III gives, total profit = Rs. 1000.

Rohit's share = Rs[1000x$$\frac { 2 } { 6 }$$]= Rs. 333$$\frac { 1 } { 3 }$$

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