Puneet Sumit and Amit started a business jointly investing Rs 11 lakh 16 5 lakh and 8 25 lakh respec...........

Quant (SSC) Partnership

Puneet, Sumit and Amit started a business jointly investing Rs. 11 lakh, 16.5 lakh and 8.25 lakh respectively. The profit earned by them in the business at the end of three years was Rs. 19.5 lakh. What will be the half of Amit’s share in the profit?

4.5 lakh

2.25 lakh

2.5 lakh

4.25 lakh

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Explanation:

Profit ratio = Investment by Puneet × Time : Investment by Sumit × Time : Investment by Amit × Time
= 11 × 3 : 16.5 × 3 : 8.25 × 3
= 11 : 16.5 : 8.25
= 44 : 66 : 33
Amit's share in profit =
33 /143 x 19.5 = 4.5 lakh
∴ 50% of Amit's share =
1 /2 x 4.5 = 2.25 lakh
Hence, option 2 is the correct answer.