A, B, and C enter into a partnership. A invests Rs. 80,000, B invests Rs. 60,000, and C invests Rs. 40,000. After 6 months, B increases his capital by 25%, while C decreases his capital by 10%. At the end of 1 year, the total profit is Rs. 1,20,000. What is C's share in the profit?
Show answer & explanation
Correct answer: B
Explanation
A = 80,000 (12 months)
B = 60,000 (6 months), then 75,000 (6 months)
C = 40,000 (6 months), then 36,000 (6 months)
Total Profit = 120,000
A = 80,000 × 12 = 960,000
B = 60,000 × 6 + 75,000 × 6 = 810,000
C = 40,000 × 6 + 36,000 × 6 = 456,000
Ratio = A : B : C = 960,000 : 810,000 : 456,000 = 320 : 270 : 152
Total Shares = 742
C's Profit