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A and B started a business by investing ...

A and B started a business by investing Rs20000 and Rs 25000, respectively. After 4 months B left and C joined by investing Rs15000. At the end of the year, there was a profit of Rs 23000. What is Cs share ?

A

Rs8000

B

Rs9000

C

Rs6000

D

Rs12000

Text Solution

AI Generated Solution

The correct Answer is:
To find C's share of the profit, we will follow these steps: ### Step 1: Determine the investment and time for each partner - A invested Rs. 20,000 for 12 months. - B invested Rs. 25,000 for 4 months (since B left after 4 months). - C invested Rs. 15,000 for 8 months (since C joined after B left). ### Step 2: Calculate the capital contribution of each partner - A's contribution = Investment × Time = 20,000 × 12 = 240,000 - B's contribution = Investment × Time = 25,000 × 4 = 100,000 - C's contribution = Investment × Time = 15,000 × 8 = 120,000 ### Step 3: Find the total contributions Now, we will sum up the contributions: - Total contributions = A's contribution + B's contribution + C's contribution - Total contributions = 240,000 + 100,000 + 120,000 = 460,000 ### Step 4: Determine the ratio of their contributions The ratio of A, B, and C's contributions is: - A : B : C = 240,000 : 100,000 : 120,000 To simplify this ratio, we can divide each term by 20,000: - A : B : C = 12 : 5 : 6 ### Step 5: Calculate the total parts in the profit Now, we add the parts of the ratio: - Total parts = 12 + 5 + 6 = 23 parts ### Step 6: Determine the value of each part The total profit is Rs. 23,000. To find the value of one part: - Value of one part = Total Profit / Total Parts = 23,000 / 23 = Rs. 1,000 ### Step 7: Calculate C's share C's share corresponds to 6 parts: - C's share = Value of one part × C's parts = 1,000 × 6 = Rs. 6,000 ### Final Answer C's share of the profit is Rs. 6,000. ---
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ARIHANT SSC-PARTNERSHIP -EXERCISE HIGHER SKILL LEVEL QUESTIONS
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  2. A,B and C entered into partnership in a business. A got3//5of the prof...

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  3. A and B started a business by investing X 35000 and X 20000, respectiv...

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  10. A, B and C jointly thought of engaging themselves in a business ventur...

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  11. Aayush contributes 1//4 of the capital for 15 months and Babloo receiv...

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  13. A and B started a joint business. A's investment was thrice the invest...

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