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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.

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