Question:
X and Y enter into a partnership, investing Rs. 16,000 and Rs. 12,000, respectively. After 3 months, X withdraws Rs. 5,000. After another 3 months, Z joins the business with a capital of Rs. 21,000. If the profit after one year is Rs. 26,400, what is Z's share of the profit?
X and Y enter into a partnership, investing Rs. 16,000 and Rs. 12,000, respectively. After 3 months, X withdraws Rs. 5,000. After another 3 months, Z joins the business with a capital of Rs. 21,000. If the profit after one year is Rs. 26,400, what is Z's share of the profit?
Updated On: Oct 17, 2024
- Rs. 4,800
- Rs. 3,600
- Rs. 2,400
- Rs. 1,200
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The Correct Option is B
Solution and Explanation
The correct answer is (B): Rs. 3,600
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