Multiple choice

A, B and C enter into a partnership business. A contributes Rs. 18,000, B contributes Rs. 24,000 and C contributes Rs. 36,000. If the total profit in the business at the end of the year amounts to Rs. 1,04,000, what would be the difference between the shares of C and A?

  1. Rs. 24,000

  2. Rs. 14,500

  3. Rs. 18,000

  4. Rs. 16,000

  5. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Profit is shared in the ratio of investments: 18:24:36, which simplifies to 3:4:6. Total parts = 13. Profit per part = 104,000 / 13 = 8,000. Difference between C (6 parts) and A (3 parts) is 3 parts, which is 3 * 8,000 = 24,000.

AI explanation

Since the time period is the same, the profit ratio equals the investment ratio. The ratio of investments is 18000:24000:36000, which simplifies to 3:4:6, making a total of 13 parts. The difference between C and A is 3 parts, so we calculate 3/13 of 104000. The difference is Rs. 24000.

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