A,B and C start a business by investing 40000 ,70000 and 90000 respectively and share the profit of 120000 at the of the year .find the share in profit of each partner
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Answer:
Rs. 24000, Rs. 42000, Rs. 54000
Step-by-step explanation:
Ratio of investments = 40000 : 70000: 90000
= 4 : 7: 9.
The profit will also be shared in ratio of their investments.
Hence A's share = 4/20 * 120,000 = Rs. 24,000
B's Share = 7/20 * 120,000 = Rs. 42,000
C's Share = 9/20 * 120,000 = Rs. 54, 000
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