WBCS.LIVE practice question

A, B and C started a partnership business investing their capital in \frac{1}{2}:\frac{1}{3}:\frac{1}{5} ratio. After 5 months A withdrew \frac{1}{3} of his capital. If profit of the year is Rs. 6740, what should be A's share of profit?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Rs. 2900
  2. Rs. 3200
  3. Rs. 3300
  4. Rs. 2800

Correct answer and explanation

Correct answer: Rs. 2900

Explanation: āœ… Correct Answer: A) Rs. 2900 šŸ“š Explanation: The initial investment ratio is 15:10:6. A's capital for the first 5 months is 15 units, and for the next 7 months, it is 10 units after withdrawing one-third. Calculating the weighted ratios for the whole year for A, B, and C results in A having 145 parts of the profit. This portion of the Rs. 6740 total profit equals Rs. 2900.