Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Partnership

Question:

Amit, Sumit and Vinit enter into a partnership investing ₹35000, ₹45000 and ₹55000 respectively. The respective shares of Amit, Sumit and Vinit in an annual profit of ₹27000 are:

Options:

₹7000, ₹9000, ₹11000

₹11500, ₹13000, ₹16000

₹11000, ₹14000, ₹15500

₹11500, ₹12500, ₹16500

Correct Answer:

₹7000, ₹9000, ₹11000

Explanation:

                    Amit      :      Sumit      :        Vinit

Inv.   :        35000      :      45000      :       55000

Inv.   :            7         :          9         :         11

Profit :            7         :          9         :         11      → 27R

 *(Note: if time is same, Investment ratio becomes profit ratio)*

ATQ,

27R = 27000

1R = 1000

Hence,

Share of Amit   = 7R   = 7 × 1000 = 7000

Share of Sumit = 9R   = 9 × 1000 = 9000

Share of Vinit   = 11R = 11 × 1000 = 11000

Therefore,

Shares are ⇒ ₹7000, ₹9000, ₹11000