A, B and C entered into a partnership for a year. A invested Rs 2,560 and B invested Rs 2,000. At the end of the year they gained Rs 1,105, out of which A got Rs 320. What was C’s capital?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Rs 4,280
All the money stays in for the same year, so every rupee invested earns the same profit. A’s figures give the profit per rupee, and that gives the total capital.
Profit per rupee \(\displaystyle =\frac{320}{2560}=\frac{1}{8}\)
Total capital \(=1105\times8=\) Rs 8,840
C’s capital \(=8840-2560-2000=\) Rs 4,280
C’s capital was Rs 4,280.