A, B and C started a business in partnership. Initially, A invested Rs 29,000, while B and C invested Rs 25,000 each. After 4 months, A withdrew Rs 3,000. After 2 more months, C invested Rs 12,000 more. Find the share of C (in Rs) in the profit of Rs 33,200 at the end of the year.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 12,400
Explanation:
A invested Rs. 29,000, while B and C invested Rs. 25,000 each.
After 4 months, A withdrew Rs. 3,000.
After 6 months from the initial date, C invested Rs. 12,000 more in the business.
Total profit = Rs. 33200
Ratio of A, B, and C = [(29000 × 4) + (26000 × 8)] : (25000 × 12) : [(25000 × 6) + (37000 × 6)]
= (116000 + 208000) : 300000 : (150000 + 222000)
= 324000 : 300000 : 372000
= 27 : 25 : 31
The ratio of investment is equal to the ratio of profit.
The profit of C = × 33200 = Rs. 12400