Question 94

Profit of Rs 144000 has to be divided among three partners Akram, Bipin and Chintan in the ratio 3:2:7. How much Rs. Chintan get?

Solution

Total profit to be distributed = Rs. 1,44,000

Ratio of profit divided among Akram, Bipin and Chintan = 3 : 2 : 7

Thus, amount that Chintan will get = $$\frac{7}{(3+2+7)} \times 144,000$$

= $$\frac{7}{12} \times 144,000$$

= $$7 \times 12000 = Rs$$ $$84,000$$

=> Ans - (A)

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