Hi Candidate,
Three people X, Y, and Z have to get a 5 percentage of interest upon their capital investment, and the extra money they get through investing is termed as profit.
X has a capital of 20,000 on which he gets a 5% interest= 5/100*20000= 1000. Y has a capital of 10,000 and 5% intrest= 500. Z has a capital of 4000 with 5% interest= 200. So, the total profit earned by three of them= 1000+500+200= 1700.
Hope that this answer helps you!!
Question : A, B and C were partners in a firm sharing profits in a 3: 3: 2 ratio. They admitted D as a new partner for 4/7 profit. D acquired his share 2/7 from A, 1 / 7 from B and 1 / 7 from C. The new profit sharing ratio will be
Option 1: 5:13:6:32
Option 2: 5:13:6:4
Option 3: 3: 3: 2: 4
Option 4: None of the above
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile