Question

A started a trading firm by investing Rs. 10 lakhs. After 4 months, B joined the business by investing Rs. 15 lakhs then 2 months after when B joined, C also joined them by investing Rs. 20 lakhs. 1 year after A started the business they made Rs. 6,00,000 in profit. What is C's share of the profit (in Rs.)?

• A. 2,00,000
• B. 1,00,000
• C. 1,50,000
• D. 3,00,000

Answer 1

Answer:

A. 2,00,000

Solution: Given : A's investment is 10 lakhs B's investment is 15 lakhs C's investment is 20 lakhs A invested for whole year or 12 months B invested for 8 months (4 months less than A) C invested for 6 months (2 months less than B) Concept used : Person's share in partnership = investment × time period of his investment Calculations : A's total share = 1000000 × 12 = 12000000 B's total share = 1500000 × 8 = 12000000 C's total share = 2000000 × 6 = 12000000 So, share of A, B and C A : B : C = 12000000 : 12000000 : 12000000 ⇒ 1 : 1 : 1 Share of C = (1/3) of 600000 ⇒ 200000 rupees ∴ share of C will be 200000 rupees