Partnership Mcqs


Q.  Kamal started a business investing Rs. 9000. After five months, Sameer joined with a capital of Rs. 8000. If at the end of the year, they earn a profit of Rs. 6970, then what will be the share of Sameer in the profit?

a. Rs. 1883.78
b. Rs. 2380
c. Rs. 3690
d. Rs. 3864


ANSWER: See Answer
 
Kamal : Sameer = (9000 * 12) : (8000 * 7)

= 108:56 = 27:14
Sameer’s share = 6970 * 14/41 = Rs. 2380.
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