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Umar and asad enter into a partnership contributing Rs.800 and Rs.1000 respectively.at the end of 6 months they admit usama,who contributes Rs.600 after three months they get a profit of Rs. 966. find the share in profit of each partner |
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Answer» Answer: investment for 36 months = Rs.8000×36 = Rs.288000 B's investment for 36 months = Rs.10000×36 = Rs.360000 C's investment for 30 months = Rs.6000×30 = Rs.180000 A : B : C's ratio of SHARES = 288 : 360 : 180 = 48 : 60 : 30 = 24 : 30 : 15 Total PROFIT = Rs.9660 A's share = 9600×2469 = 140×24 = Rs.3360 B's share = 9600×3024 = 140×30 = Rs.4200 C's share = 9660×1524 = 140×15 = Rs.2100 |
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