Question:
A and B enter into a partnership with Rs. 50,000 and Rs. 60,000 respectively. C joins them after x months contributing Rs 70,000 and B leaves x months before the end of the year. If they share the profit in the ratio of 20: 18: 21, then find the value of x.
A and B enter into a partnership with Rs. 50,000 and Rs. 60,000 respectively. C joins them after x months contributing Rs 70,000 and B leaves x months before the end of the year. If they share the profit in the ratio of 20: 18: 21, then find the value of x.
Updated On: Oct 7, 2024
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The Correct Option is B
Solution and Explanation
Profit is divided in the ratio of investment:
A = \(50000\times12 = 600000\)
B = \(60000(12-x)\)
C = \(70000x\)
The ratio is of the profit will be \(20:18:21\)
To get the above ratio. \(x = 3\)
The correct option is (B): 3
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