'A', 'B', and 'C' formed a consulting firm. Their capital investments were Rs. 6,00,000, Rs. 4,00,000, and Rs. 5,00,000, respectively. After 3 months, 'A' withdrew Rs. 1,00,000, and 'B' added Rs. 1,00,000. The partnership lasted for 9 months. What was the ratio of their effective capital contributions?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 16 : 14 : 15.
A = 600000 × 3 + 500000 × 6 = 1800000 + 3000000 = 4800000
B = 400000 × 3 + 500000 × 6 = 1200000 + 3000000 = 4200000
C = 500000 × 9 = 4500000
A : B : C = 4800000 : 4200000 : 4500000 = 16 : 14 : 15