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Question 62

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.

Solution

Profit is divided in the ratio of investment:

A = 50000*12 = 600000

B = 60000(12-x)

C = 70000x

The ratio is 20:18:21

To get the above ratio. x = 3

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