A, B, and C enter into a partnership, investing Rs. 6000. A invests Rs. 1000 and B and C invest in the ratio of 2:3. Find the profit of C if the annual profit is Rs. 2400.
Answer & explanation
Correct answer: option 2
A's investment = 1000
Remaining (B + C) = 6000 - 1000 = 5000
Ratio of investment of B and C = 2 : 3 ⇒ 5R (total)
5R = 5000 ⇒ 1R = 1000,
Therefore, Investment of B and C is = Rs.2000 and Rs.3000
Investment Ratio:⇒ A : B : C = 1 : 2 : 3
*When time is same then investment ratio becomes profit ratio*
Therefore,
Profit Ratio:⇒ A : B : C = 1 : 2 : 3 ⇒ 6R (total)
ATQ, 6R = 2400 ⇒ 1R = 400
Hence, C's profit = 3 × 400 = Rs. 1200