A, B and C entered into a partnership. A invested Rs. 2,560 and B invested Rs. 2,000. At the end of the year, they gained Rs. 1,105 out of which A got Rs. 320. C’s capital was:
Answer & explanation
Correct answer: option 1
Investment ratio is directly proportional to profit ratio if time is same.
Here,
Investment ⇒ A : B : C = 2560 : 2000 : x
Profit ratio ⇒ A : B : C = 320 : 250 : \(\frac{x}{8}\)
ATQ,
A's profit = 320
B's profit = 250
hence C's profit = 1105 - 320 - 250 = Rs.535
C's profit = \(\frac{x}{8}\) = 535
x = 535 × 8 = Rs.4280