Partnership Ques 23
Question
A starts a certain business with Rs. 4000. Three months from the start of the business, $B$ joins with an amount which is Rs. 500 more than that invested by A. Nine months from the start of the business, $B$ leaves and $C$ joins, with an amount which is Rs. 1500 more than that invested by $B$. If B’s share from the annual profit is Rs. 18000 , what is the annual profit earned?
(1) Rs. 64,000
(2) Rs. 72,000
(3) Rs. 62,000
(4) Rs. 54,000
(5) Rs. 48,000
(IDBI Bank PO Exam 29.04.2018)
Show Answer
Answer: (3)
Solution: (3)
Profit ratio of A, B and C $= 4000 \times 12: 4500 \times 6: 6000 \times 3$
$=40 \times 12: 45 \times 6: 60 \times 3$ $=16: 9: 6$
Sum of the ratios $=16+9+6=31$
If total annual profit be 31 unit, then
B’s share $=$ 9 unit = Rs. 18000
1 unit = Rs. 2000
So,total profit = 31 unit = 31 $\times$ Rs.2000 = Rs.62000
BETA
