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Ratio & Proportion · Question 60 of 67

Question 60

MediumOriginal question

Asha, Bilal and Chitra invest ₹20,000, ₹30,000 and ₹40,000 in a business. After 6 months Chitra withdraws her capital. The year's profit is ₹56,000. What is Chitra's share?

Options for question 60

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. Capital × months: Asha 20,000×12=2,40,00020{,}000 \times 12 = 2{,}40{,}000; Bilal 30,000×12=3,60,00030{,}000 \times 12 = 3{,}60{,}000; Chitra 40,000×6=2,40,00040{,}000 \times 6 = 2{,}40{,}000.

  2. Ratio = 2:3:22 : 3 : 2, a total of 7 parts.

  3. Chitra's share = ₹56,000 × 2/72/7 = ₹16,000.

Worth noting

₹24,889 (approximately) comes from using capital alone; ₹24,000 is Bilal's share.

Concept
Partner leaving partway through the year
Typical time
70 s
Your time
—
The rule this testsPartnership
Practise this chapter →

Ten questions from Ratio & Proportion, at your own pace.

Practise this chapter →

Ten questions from Ratio & Proportion, at your own pace.