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:
Answer & explanation
Correct answer: option 1
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