a b and c enter into a partnership business with a capital of Rs. 20000 and Rs. 30000 respectively. they decided to share of profit ratio as per capital invested but in the end of 1st year they divided the profit in 3 equal parts and both A and B take 1 part individually. rest of the profit is lend to C for a year at an interest rate of (50/3)%
per year. at the end of 2nd Year A received Rs. 7000 from C, then find the total profit at the end of 1st Year?
Answers
total profit at the end of 1st Year = Rs 90000
Step-by-step explanation:
A and B enter into a partnership business with a capital of Rs. 20000 and Rs. 30000 respectively
Let say Total profit at the end of 1st Year = P
A share = P * 20000/50000 = 2P/5
B share = P * 30000/50000 = 3P/5
A & B got = P/3
A remaining share = 2P/5 - P/3 = P/15
A will get remaining P/15 & interest on this
7000 = P/15 + (P/15) * (50/3) * 1 /100
=> 7000 = (P/15) ( 1+ 1/6)
=> 7000 = (P/15) (7/6)
=> P = 90000
total profit at the end of 1st Year = Rs 90000
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Answer:
Step-by-step explanation:
20 : 30.------- Initially
2. 3----------- Invstmnt ratio
36. 54----------Let investmnt
(36+54)=90
90/3= 30 each (3 parts)
30 : 30 : 30
16⅔% = 1/6
30*7/6= 35 ₹
A = 35*2/5= 14
A ttl= 30+14= 44
Bt if A gt directly
90*2/5= 36
Diff= 44 - 36= 8
ATQ
8---> 7000
Ist yr = 90
90--> 78750 Rs