Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Partnership

Question:

A, B, and C invest 63000, 56000, and 84000 respectively to start a business. After one year, the profit is distributed in the ratio of their investments. If C's share of profit is Rs.54000, find the total profit earned.

Options:

135030

130500

145000

None of these

Correct Answer:

130500

Explanation:

Profit sharing ratio of A, B, C = 63000: 56000: 84000

Profit sharing ratio  A, B, C : 9: 8: 12

C's share of profit = \(\frac{12 }{29 }\)

Therefore, C's share of profit that is 54000 stands for \(\frac{12 }{29 }\)

Total profit earned = \(\frac{\text{54000 x 29}}{12}\)

Total profit earned = 130500