A, B, and C join a partnership. A invested Rs. 16,000 for 6 months, B invested Rs. 12,000 for 2/3rd year and C invested Rs. 1,000 for 12 months. Calculate their profit sharing ratio.
(a) 8:8:1
(b) 10: 8:7
(c) 6:8:12
(d) 8:7:10
(e) 8:8:3
Answers
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Step-by-step explanation:
GIVEN :
- Amount Invested by A = Rs. 16,000 for 6
months
→ 16,000
→ 96,000
A's amount = Rs. 96,000
- Amount Invested by B = Rs. 12,000 for 2 /3. years
→ rs 12,000 × 2/3
→ 8000
B's amount = Rs. 8,000
• Amount Invested by C = Rs. 1,000 for 12
months
→ 1,000 × 12
→ 12,000
Ratio of investment =
Rs. 96,000 : Rs. 8000: Rs. 12,000
→ 96 : 8: 12
→ 8: 8: 3
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