A and B start an enterprise together, with A as active partner. A invests Rs 4000 and Rs 2000 more after 8 months. B invests Rs 5000 and withdraws Rs 2000 after 9 months. Being the active partner, A takes Rs 100 per month as allowance, from the profit. What is the share of B if the profit for the year is Rs 6700?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Rs. 2700
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Understanding |
Application |
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A invests Rs 4000 and Rs 2000 more after 8 months. B invests Rs 5000 and withdraws Rs 2000 after 9 months. |
So, Ratio in which profit will be shared between A and B = [4000 × 8 + 6000 × 4] : [5000 × 9 + 3000 × 3] = 56 : 54 = 28 : 27 |
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Being the active partner, A takes Rs 100 per month as allowance, from the profit. And Total profit = Rs 6700 |
So, Remaining profit that will be shared between A and B = 6700 – 100 × 12 = 5500 |
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Hence, Share of B = 5500 × 27/55 = Rs. 2700 |