In a partnership business of two persons A and B , their respective capitals are Rs 30,000 and Rs 50,000 . Find the ratio of the profits enjoyed by each of them.
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Answer:
To calculate the amount of capital contributed by C ,
1 - 1/6 = 5/6
5/6 is the share of A and B.
So,
30000 + 20000 = 50000 (capital of A and B)
Total capital of the firm = 50000* 6/5 = 60000
C's capital = 60000*1/6 = Rs 10000
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