A, B and C enter into a partnership, investing Rs 8,000, Rs 9,000 and Rs 12,000 respectively. Their shares in an annual profit of Rs 58,000 are respectively:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Rs 16,000, Rs 18,000, Rs 24,000
All three invest for the same period, so the profit is shared in the ratio of the investments.
A : B : C \(=8000:9000:12000=8:9:12\), total 29 parts
One part \(\displaystyle =\frac{58000}{29}=\) Rs 2,000
A \(=8\times2000=\) Rs 16,000, B \(=9\times2000=\) Rs 18,000, C \(=12\times2000=\) Rs 24,000
The shares are Rs 16,000, Rs 18,000 and Rs 24,000.