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Question

A & B enter into a joint venture by opening a joint bank account contributing Rs $10, 00, 000$ . The profit sharing ratio between A and B is $3 : 2$ . How much amount to be contributed by A?

A

Rs

6, 00, 000

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B

Rs

4, 00, 000

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C

Rs

3, 00, 000

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D

Rs

5, 00, 000

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Solution

The correct option is A Rs $6, 00, 000$
Total capital of the joint venture = Rs 1000000
Profit sharing ratio between A and B = 3:2
Capital contributed by A can be calculated by profit sharing ratio
1000000 * 3/5 = Rs 600000

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