In a partnership, P, Q, and R invested Rs 50,000, Rs 60,000, and Rs 70,000 respectively. If the total profit is Rs 24,000, how much will Q receive?
Show answer & explanation
Correct answer: B
Explanation
Given:
P's investment = ₹50,000
Q's investment = ₹60,000
R's investment = ₹70,000
Total profit = ₹24,000
Investment ratio = 50,000 : 60,000 : 70,000 = 5 : 6 : 7
Total share = 5 + 6 + 7 = 18
Q's share = (6 / 18) × 24,000 = 8,000
Q's profit = ₹8,000