?
A, B and C are Partners in a firm Sharing Profit in the ratio of 3 : 4 : 5. If they set aside 4% of the Profits as emergency fund and shared the rest of the profit and 8 gets his share of Profit as Rs. 1,81,400, the amount of Profit set aside for emergency fund is:
Answer & Solution
Correct Answer:
Option
C
If total profit = 100 (Let)
4% is emergency fund = $$ = \frac{{4 \times 100}}{{100}} = 4{\text{ unit}}$$
Ratio of profit =
32 unit = 181400
1 unit = 5668.75
4 unit = 22675
4% is emergency fund = $$ = \frac{{4 \times 100}}{{100}} = 4{\text{ unit}}$$
Ratio of profit =
32 unit = 181400
1 unit = 5668.75
4 unit = 22675
Join the Discussion
Login to post a comment or share your explanation.
Login