Question

A, B, C Started a business with capitals Rs.60,000, Rs.50,000 and Rs.40,000 respectively. After 9 months C left them. If profit after one year us Rs.14,000 then profit of C is

Answer 1

There investment ratio is 6:5:3 so the profit of C is 14000*3/14 i.e Rs 3000

Answer 2

Answer:

The profit of C is Rs2800

Step-by-step explanation:

Ratio of Capital's brought in by A, B and C is Rs 60000, Rs 50000 and Rs40000.

Profit Sharing Ratio=6:5:4

The proportional distribution of a company's gains or losses. The profit-sharing percentages for a partnership will be specified in the partnership agreement. This will display the amount, which is typically expressed as a percentage of total profits, that can be attributed to each partner. Some contracts include a first charge on earnings that allots the first portion of the year's profits. The balance will then be divided according to the profit-sharing percentages outlined in the contract. The capital of the partnership may also be subject to the profit-sharing percentages, but this is not always the case. The capital-sharing ratio may be altered by the partnership agreement. In the absence of a formal agreement, profits and losses will be distributed equally in accordance with the Partnership Act of 1890.

Profit Share of C

$= 14000*9/12*4/15\\=2800$

Hence The profit of C is Rs2800

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