Multiple choice

A and B enter into a joint venture by opening a joint bank account contributing Rs. 20, 00, 000. The profit sharing ratio between A and B is 3 : 2. How much amount is to be contributed by A?

  1. Rs. 12, 00, 000

  2. Rs. 8, 00, 000

  3. Rs. 6, 00, 0000

  4. Rs. 10, 00, 000

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

 A's Share of contribution = (3/5)*20,00,000                                               = Rs 12,00,000