Question 65

A starts a taxi service by investing Rs 25 lakhs. After 3 months, B joins the business by investing Rs 40 lakhs then 4 months after B joined, C too joins them by investing Rs 50 lakhs. One year after A started the business they make Rs 2,73,000 in profit. What is C's share of the profit (in Rs)?

Solution

Ratio= $$25\times12 months:40\times9 months:50\times5 months$$

C's share of the profit (in Rs)= $$(50\times5\times273000)\div(25\times12+40\times9+50\times5)$$= Rs.75000

Therefore, Option C is correct.

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