1. There are 3 partners in a business. They invest 200000 300000, 250000 Rs respectively for 8,
6 and 12 months. If the year end profit is 64000 Rs, what will be the biggest share in
thousands
a. 25
b. 30
C. 32
Answers
Given:
There are 3 partners in a business. They invest 200000 300000, 250000 Rs respectively for 8, 6 and 12 months. If the year-end profit is 64000 Rs, what will be the biggest share in thousands?
To find:
What will be the biggest share in thousands?
Solution:
The ratio of the investment done by the 3 partners,
= (200000 × 8) : (300000 × 6) : (250000 × 12)
dividing by 10000 throughout
= (20 × 8) : (30 × 6) : (25 × 12)
dividing by 5 throughout
= (4 × 8) : (6 × 6) : (5 × 12)
dividing by 4 throughout
= 8 : 9 : 15
From the ratio, we can say that the third partner will receive the maximum share as compared to the other two partners.
The total profit at the end of the year = Rs. 64000
Now,
The biggest share received by the 3rd partner will be,
=
=
= 30000
= 30 thousands ← option (b)
Thus, the biggest share in thousands will be → 30 thousand.
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