Practicing Success
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: |
₹7000, ₹9000, ₹11000 ₹11500, ₹13000, ₹16000 ₹11000, ₹14000, ₹15500 ₹11500, ₹12500, ₹16500 |
₹7000, ₹9000, ₹11000 |
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 |