A) Rs. 381.44
B) Rs. 406.30
C) Rs. 397.95
D) Rs. 488.47
Correct Answer: D
Solution :
Since the contributions of three partners are different and their times also differ. Therefore, their contributions should be converted for equal durations. For this, contribution is multiplied by time. |
\[\therefore \]Contribution of A = Rs. 5000 for 12 months + Rs. 2000 for 9 months |
\[\therefore \]Contribution of A for 1 month \[=50000\times 12+2000\times 9\] |
\[=60000+18000\] |
= Rs. 78000 |
Contribution of B = Rs. 4000 for 1 month \[+\frac{3}{4}\]of Rs. 4000 for 11 months |
\[\therefore \]Contribution of B for 1 month |
\[=4000\times 1+3000\times 11\] |
\[=4000+33000=\text{Rs}\text{. }37000\] |
Contribution of C = Rs. 7000 for 11 months |
\[\therefore \]Contribution of C for 1 months \[=7000\times 11\] Rs. 77000 |
\[\therefore \] Ratio in their contributions |
= 78000 : 37000 : 77000 = 78 : 37 : 77 |
\[\therefore \]Sum of their ratios \[=78+37+77=192\] |
\[\therefore \]Share of C m the profit \[=\frac{77\times 1218}{192}\] |
= Rs. 488.47 |
You need to login to perform this action.
You will be redirected in
3 sec