A and B enter into a partnership with ₹25,000 and ₹50,000, respectively, in a company for a year. After 7 months, C gets into a partnership with them with ₹30,000 and A withdraws his contribution after 9 months. What would be C's share in the profit, assuming a total profit of ₹3,900 at the end of the year?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2. i.e. ₹600.
Given that
A and B enter into a partnership with ₹25,000 and ₹50,000, respectively
After 7 months, C gets into a partnership with them with ₹30,000
After 9 months, A withdraws his contribution
Profit ∝ Investment × Time
⇒ The ratio of profit of A, B, and C after 1 year
⇒ 25000 × 9 : 50000 × 12 : 30000 × 5
⇒ 3 : 8 : 2
⇒ Total profit = ₹3900
Hence, C's share in the profit = 3900 × 2/13 = ₹600.