A starts business with a capital of Rs. 14000. Five months later B joins and further two months later C joins them. If the profit sharing ratio in the end of year is 4 : 3 : 2, then the money invested by C was ?
A. Rs. 18000
B. Rs. 16800
C. Rs. 18600
D. Rs. 10800
Answer: Option B
Solution(By Examveda Team)
A | B | C | |
Amounts invested | 14000 | ||
Time (in months) | 12 | 7 | 5 |
168000 |
$$\eqalign{ & {\text{Ratio of profits }}4:3:2 \cr & {\text{Let their profits }}4x:3x:2x \cr & \Leftrightarrow 4x = 168000 \cr & \Leftrightarrow x = 42000 \cr & \Rightarrow {\text{Profit share of C}} \cr & = 2x \cr & = 2 \times 42000 \cr & = {\text{Rs}}{\text{. 84000}} \cr & \Rightarrow {\text{Capital invested by C}} \cr & = \frac{{84000}}{5} \cr & = {\text{Rs. }}16800 \cr} $$
Related Questions on Partnership
A. 5 : 7 : 8
B. 20 : 49 : 64
C. 38 : 28 : 21
D. None of these
A. Rs. 40000
B. Rs. 50000
C. Rs. 60000
D. Rs. 70000
Join The Discussion