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A and B entered into a partnership investing Rs.25000 and Rs.30000 respectively. After 4 months C also joined the business with an investment of Rs.35000. What is the share of C in an annual profit of Rs.47000?
- a)Rs.18000
- b)Rs.15000
- c)Rs.17000
- d)Rs.14000
Correct answer is option 'D'. Can you explain this answer?
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A and B entered into a partnership investing Rs.25000 and Rs.30000 res...
Calculation of C's share in the annual profit:
Step 1: Calculate the ratio of investments
- A's investment = Rs. 25000 for 12 months
- B's investment = Rs. 30000 for 12 months
- C's investment = Rs. 35000 for 8 months (since C joined after 4 months)
Total investment = Rs. 25000 x 12 + Rs. 30000 x 12 + Rs. 35000 x 8
= Rs. 300000 + Rs. 360000 + Rs. 280000
= Rs. 940000
Ratio of investments:
A : B : C = 25000 x 12 : 30000 x 12 : 35000 x 8
= 300000 : 360000 : 280000
= 15 : 18 : 14
Step 2: Calculate C's share in the annual profit
C's share = (C's investment / Total investment) x Total profit
= (14/47) x Rs. 47000
= Rs. 14000
Therefore, C's share in the annual profit of Rs. 47000 is Rs. 14000. The correct answer is option 'D'.
Step 1: Calculate the ratio of investments
- A's investment = Rs. 25000 for 12 months
- B's investment = Rs. 30000 for 12 months
- C's investment = Rs. 35000 for 8 months (since C joined after 4 months)
Total investment = Rs. 25000 x 12 + Rs. 30000 x 12 + Rs. 35000 x 8
= Rs. 300000 + Rs. 360000 + Rs. 280000
= Rs. 940000
Ratio of investments:
A : B : C = 25000 x 12 : 30000 x 12 : 35000 x 8
= 300000 : 360000 : 280000
= 15 : 18 : 14
Step 2: Calculate C's share in the annual profit
C's share = (C's investment / Total investment) x Total profit
= (14/47) x Rs. 47000
= Rs. 14000
Therefore, C's share in the annual profit of Rs. 47000 is Rs. 14000. The correct answer is option 'D'.
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A and B entered into a partnership investing Rs.25000 and Rs.30000 respectively. After 4 months C also joined the business with an investment of Rs.35000. What is the share of C in an annual profit of Rs.47000?a)Rs.18000b)Rs.15000c)Rs.17000d)Rs.14000Correct answer is option 'D'. Can you explain this answer?
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A and B entered into a partnership investing Rs.25000 and Rs.30000 respectively. After 4 months C also joined the business with an investment of Rs.35000. What is the share of C in an annual profit of Rs.47000?a)Rs.18000b)Rs.15000c)Rs.17000d)Rs.14000Correct answer is option 'D'. Can you explain this answer? for Interview Preparation 2024 is part of Interview Preparation preparation. The Question and answers have been prepared according to the Interview Preparation exam syllabus. Information about A and B entered into a partnership investing Rs.25000 and Rs.30000 respectively. After 4 months C also joined the business with an investment of Rs.35000. What is the share of C in an annual profit of Rs.47000?a)Rs.18000b)Rs.15000c)Rs.17000d)Rs.14000Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Interview Preparation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B entered into a partnership investing Rs.25000 and Rs.30000 respectively. After 4 months C also joined the business with an investment of Rs.35000. What is the share of C in an annual profit of Rs.47000?a)Rs.18000b)Rs.15000c)Rs.17000d)Rs.14000Correct answer is option 'D'. Can you explain this answer?.
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