Practicing Success
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. |
600 1200 1800 1950 |
1200 |
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 |