A, B and C are entered into a partnership. A invested Rs.6500 for 6 months, B…
2025
A, B and C are entered into a partnership. A invested Rs.6500 for 6 months, B invested Rs.8400 for 5 months and C invested for Rs.10000 for 3 months. A is a working partner and gets 5% of the total profit for the same. Find the share of C in a total profit of Rs.7400.
- A.
1750
- B.
1900
- C.
8600
- D.
10300
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Correct answer: B
Answer: Rs.1900
Explanation:
Compute time-weighted investments:
A: 6500 × 6 = 39000
B: 8400 × 5 = 42000
C: 10000 × 3 = 30000
Simplify the ratio: 39000 : 42000 : 30000 = 26 : 28 : 20 (sum = 74)
Working partner (A) gets 5% of total profit: 5% of Rs.7400 = Rs.370
Remaining profit to be divided = Rs.7400 − Rs.370 = Rs.7030
C's share = Remaining profit × (C's ratio / total ratio) = 7030 × (20/74) = 1900
Therefore, C's share is Rs.1900.