Question

A, B and C entered into a partnership by investing Rs 12000, Rs 15000 and Rs 18000, respectively. A is also a working partner and receiving 15% of the annual profit for his work. If B and C received Rs 8500 and Rs 10200 from the annual profit as their shares, what amount did A receive from the annual profit?

• A. Rs 10,500
• B. Rs 11,500
• C. Rs 11,300
• D. Rs 14,000
• E. None of the above

Answer 1

The correct option is C Rs 11,300

Capital ratio of A,B,C is 12000:15000:18000 = 4:5:6
Profit ratio of B and C = 8500 : 10200 = 5:6
$\therefore$ A's share of the profit = $\frac{4}{5}\times Rs.8500=Rs6800$
$85\%ofx=6800+8500+10200=25500$
$\therefore 15\%ofx=\frac{25500\times 15}{85}=4500$
Total profit of A = Rs 800 + Rs 4500 = Rs 11300