A, B, C enter into a partnership investing Rs. 35,000, Rs. 45,000 and Rs. 55,000 respectively. The respective shares of A, B, C in annual profit of Rs. 40,500 are:
Correct answer: A. Rs. 10,500, Rs. 13,500, Rs. 16,500
- A. Rs. 10,500, Rs. 13,500, Rs. 16,500
- B. Rs. 11,500, Rs. 13,000, Rs. 16,000
- C. Rs. 11,000, Rs. 14,000, Rs. 15,500
- D. Rs. 11,500, Rs. 12,500, Rs. 16,500
Explanation
Since all three partners invest for the same period, their profit ratio is 35000:45000:55000 = 7:9:11. The total of 27 parts is Rs. 40500, so one part is Rs. 1500 and the shares are Rs. 10500, Rs. 13500 and Rs. 16500. Option b is a likely choice for students who do not divide the profit in the investment ratio.
Last updated
About Ratio and Proportion
Ratios compare quantities in the same units, while proportions state that two ratios are equal. Problems cover simplification, division in a given ratio, direct and inverse variation, scale, and missing terms, with attention to the difference between a ratio and a fraction representing part of a whole.
Practise Arithmetic
1,060 free Arithmetic MCQs from Mathematics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Mathematics questions like this
Mathematics is on 67 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.