A, B and C are entered into a partnership. A invested Rs.6500 for 6 months, B invested Rs.8400 for 5 months and C invested Rs.10000 for 3 months. A is a working partner and gets 5% of the total profit for the same. Find the share of C in a total profit of Rs.7400.
Q1. A, B and C are entered into a partnership. A invested Rs.6500 for 6 months, B invested Rs.8400 for 5 months and C invested Rs.10000 for 3 months. A is a working partner and gets 5% of the total profit for the same. Find the share of C in a total profit of Rs.7400.
Answer: Rs. 1900
Explanation: Capital-time ratios: A=39000, B=42000, C=30000; working bonus = 5% of 7400 = 370; distributable = 7030; C's share = (30/111)×7030 = Rs. 1900.