Partnership Ques 6
Question
A started a business. After 4 months from the start of the business, $B$ and $C$ joined. The respective ratio between the amounts invested by $A, B$ and $C$ was $6$ : $11: 12$. If the C’s share in annual profit was Rs. 720 more than A’s share, what was the total annual profit earned?
(1) Rs. 7680
(2) Rs. 7580
(3) Rs. 7860
(4) Rs. 8680
(5) None of these
(SIDBI Officer Online Exam.24.02.2016)
Show Answer
Answer: (1)
Solution: (1)
Profit ratio of A, B and C $=6 \times 12: 11 \times 8: 12 \times 8$
$=9: 11: 12$
Sum of the ratios $=9+11+12=32$
If total annual profit be 32 unit, then
C’s share - B’s share = Rs.720
$\Rightarrow$ (12-9) unit = Rs.720
$\Rightarrow$ 3 unit = Rs.720
$\Rightarrow$ 1 unit = Rs.240
So, total profit = 32 unit = 32 $\times$ 240 = Rs. 7680
BETA
