A B and C jointly engaged in a business It was agreed that A would invest Rs 6500 for 6months B Rs 8...........

Quant (SSC) Partnership

A,B and C jointly engaged in a business. It was agreed that A would invest Rs. 6500 for 6months, B Rs.8400 for 5 months and C Rs.10000 for 3months. A wants to be a working partner and he was to receive 5% of the profits. The profit earned was Rs.7400. Calculate share of C.

Rs.1700

Rs.1900

Rs.2300

Rs.2000

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Explanation:

A received 5% of the profits i.e. 5% of 7400= Rs.370
Remaining= 7400-370= Rs.7030
Ratio of investments: 6500*6 : 8400*5 : 10000*3
Ratio= 13:14:10,
Share of C= (10/37)*7030=Rs.1900