A and b enter into a partnership for a year. A contributes rs.1500and b contributes rs.2000.After 4 months they admit c who contributes rs.2250 if b with draws his contribution after 9 months how would they share a profit of rs.900 at the end of the year
Answers
Answer:
A’s, B's & C's share an equal amount of profit at the end of the year which is Rs. 300.
Step-by-step explanation:
Given data:
A has invested Rs.1500 for 12 months, B withdraws after 9 months which means B has invested Rs.2000 for 9 months and C starts contributing 4 months after A & B which means that C has invested Rs. 2250 for (12-4) = 8 months.
They share a total profit of Rs.900 at the end of 12 months.
We know,
Profit = Investment * Time Period
Therefore,
A’s investment for 12 months = Rs.1500 * 12 = Rs. 18,000
B’s investment for 9 months = Rs.2000 * 9 = Rs. 18,000
C’s investment for 8 months = Rs.2250 * 8 = Rs. 18,000
Now, A, B & C’s ratio of shares = 18 : 18 : 18 = 1 : 1 : 1
∵ Total profit shared by three of them = Rs. 900
Let’s find out their individual share of profit
∴ A’s share of profit = {1 / (1+1+1) } * 900
= (1 / 3) * 900
= Rs. 300
Since A, B & C’s ratio of shares is 1:1:1. Therefore, B’s share & C's share of profit is same as A’s which is Rs.300.
Answer:
Rs 300 Each
Step-by-step explanation:
A and b enter into a partnership for a year. A contributes rs.1500and b contributes rs.2000.After 4 months they admit c who contributes rs.2250 if b with draws his contribution after 9 months how would they share a profit of rs.900 at the end of the year
A contributes rs.1500 for 12 months = 1500 * 12 = 18000 Rs
B contributes Rs 2000 fro 9 months = 2000 * 9 = Rs 18000
C ontriburtes Rs 2250 for (12 - 4 = 8) monts = 2250 * 8 = Rs 18000
A : B : C ::: 18000 : 18000 : 18000
=> A : B : C ::: 1 : 1 : 1
Profit of Rs 900 would be shared
= (1/3)*900 = 300 Each
At the end of year Every one will get Rs 300 Each as profit share