Multiple choice

Three partners A, B and C invested Rs. 30,000, Rs. 40,000 and Rs. 50,000 in a business for 5, 7 and 12 months, respectively. Find the ratio of their profits at the end of the year.

  1. 4 : 9 : 11

  2. 15 : 28 : 60

  3. 3 : 7 : 10

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Profit ratio is proportional to (Investment * Time). A: 30000 * 5 = 150000. B: 40000 * 7 = 280000. C: 50000 * 12 = 600000. The ratio is 150000 : 280000 : 600000, which simplifies to 15 : 28 : 60.

AI explanation

According to the basic partnership rule, the profit ratio is the product of investment and time. The effective capital for A is 30000*5 = 150000, for B is 40000*7 = 280000, and for C is 50000*12 = 600000. The profit sharing ratio is 150000:280000:600000, which simplifies to 15:28:60.

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