X and Y were partners in a firm with a capital of 2400 and 2500, respectively. C is admitted to the firm after 12 days of establishment with 4500 rupees. If the profit after a month is 1230 rupees, find the share of C.
X and Y were partners in a firm with a capital of 2400 and 2500, respectively. C is admitted to the firm after 12 days of establishment with 4500 rupees. If the profit after a month is 1230 rupees, find the share of C. Correct Answer 496.33 rupees
The investment of X = 2400 rupees for 30 days The investment of Y = 2500 rupees for 30 days The investment of C = 4500 for 18 days The profit – sharing ratio of X, Y and C = 2400 * 30 : 2500 * 30 : 4500 * 18 = 72000 : 75000 : 81000 = 24 : 25 : 27 The share of C = 1230 / 76 * 27 = 436.97 rupees
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Feb 20, 2025