A and b enter into a partnership with Rs. 50,000 and Rs.60,000 respectively. C joins them after x months contributing Rs 70,000 and b leaves x months before the end of the year. If they share the profit in the ratio of 20 : 18: 21, then find the value of x.
Profit is divided in the ratio of investment:
A = 50000*12 = 600000
B = 60000(12-x)
C = 70000xÂ
The ratio is 20:18:21
To get the above ratio. x = 3
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