: Calculate a partners share of profit in business #IndiaNEWS #Education Today This is in continuation to the last article focusing on profit and loss topic. Here are practice questions along with solutions

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Calculate a partners share of profit in business #IndiaNEWS #Education Today
This is in continuation to the last article focusing on profit and loss topic. Here are practice questions along with solutions that will help you in your preparation for the State government recruitment jobs.
1. A, B and C started a business by investing 40,500, 45,000 and 60,000 respectively. After 6 months, C withdrew 15,000 while A invested 4,500 more. In annual profit of 56,100, the share of C will exceed that of A by
a) 900 b) 1900 c) 29000 d) 3900
Ans: d
Solution: Ratio of equivalent capitals of A, B and C for 1 month
= (40500 × 6 45000 × 6) : (45000 × 12) : (60000 × 6 45000 × 6)
= (405 450) : (450 × 2) : (600 450) = 855 : 900 : 1050
= 171 : 180 : 210
= 57 : 60 : 70
Sum of the ratios = 57 60 70
= 187
Required difference
= 70 57 / 187 × 56100
= 13/187 × 56100
= 3900
2. A, B and C entered into a business and their investments ratio was 5 : 4 : 3. After 4 months B invested 1,000 more and after 8 months C invested 2,000 more. At the end of one year the profit ratio was 15 : 14 : 11, then the investment of C at the beginning was?
a) 3000 b) 4000 c) 5000 d) 6000
Ans: a
Solution:
Initial investment:
A = 5x
B = 4x
C = 3
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