Partners X and Y entered into a business investing Rs. 50,000 and Rs. 1,00,000 respectively. After 6 months, Z joins with Rs. 1,50,000. At year-end, profit was Rs. 90,000. How much more did Z earn than X?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs. 10,000.
Investment ratio (X : Y : Z) = (50000 × 12) : (100000 × 12) : (150000 × 6)
= 600000 : 1200000 : 900000
= 2 : 4 : 3
Profit = 90000
X’s share = (2/9) × 90000 = 20000
Z’s share = (3/9) × 90000 = 30000
Z earned more than X by = 30000 – 20000 = 10000