A, B and C entered into a partnership. A invested 3 times as much as B invested and B invested two-third of what C invested. At the end of the year the profit earned is ₹6,600. The share of B in the profit is:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → ₹1,200
All three invest for the same period (the whole year), so the profit is shared in the ratio of their investments.
Assuming C’s investment to be 3:
B invested two-thirds of C’s: \(\displaystyle B=\frac{2}{3}\times3=2\)
A invested 3 times B’s: \(A=3\times2=6\)
A : B : C \(=6:2:3\), a total of 11 parts
B’s share \(\displaystyle =\frac{2}{11}\times6600=1200\), that is, ₹1,200