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.
Correct answer: B. 1900
- A. 1750
- B. 1900
- C. 8600
- D. 10300
Explanation
The capital-time values are A: Rs.6500 x 6 months = Rs.39000-months, B: Rs.8400 x 5 months = Rs.42000-months, and C: Rs.10000 x 3 months = Rs.30000-months, giving the ratio 13:14:10. A first receives 5% of Rs.7400 = Rs.370, leaving Rs.7030; C's share is Rs.7030 x 10/37 = Rs.1900. The likely mistake is option a, Rs.1750, which divides the whole profit according to the capital-time ratio without first deducting A's working-partner commission.
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