Join ExamsbookAnswer : 1. "Rs. 23,500"
A & B invest Rs. 1,16,000 & 1,44,000 respectively. B invests for 6 months. At the end of the year, B’s share is Rs. 9000, find the overall profit?5
Q: A & B invest Rs. 1,16,000 & 1,44,000 respectively. B invests for 6 months. At the end of the year, B’s share is Rs. 9000, find the overall profit?
- 1Rs. 23,500true
- 2Rs. 19,780false
- 3Rs. 21,700false
- 4Rs. 20,050false
- Show AnswerHide Answer
- Workspace
Answer : 1. "Rs. 23,500"
Explanation :
Answer: A) Rs. 23,500 Explanation: Given A & B in partnership A Invests 116000 for 12 months => A's share = 116000 x 12 = 13,92,000 B Invests for 6 months => B's share = 144000 x 6 = 8,64,000 Their Ratio = 1392 : 864 = 29 : 18 Let the Annual profit = P Given B's share = Rs. 9000 => 18/47 x P = 9000 => P = 9000 x 47/18 => P = 23,500 Hence, Overall profit = P = Rs. 23,500