Amar, Akbar, Anthony invest respectively ₹30 lakh, ₹45 lakh and ₹15 lakh as partners in their apparel business. The total profit at the end of 1 year is ₹12 lakh. Amar's share in profit is ₹:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → ₹4 lakh
$\text{Investment ratio} = 30 : 45 : 15 = 2 : 3 : 1$
$\text{Total parts} = 6$
$\text{Amar’s share} = \frac{2}{6} \times 1200000$
$= \frac{1}{3} \times 1200000 = 400000$
Amar’s share is ₹4,00,000.