12
Q:
A) Rs. 23,500 | B) Rs. 19,780 |
C) Rs. 21,700 | D) Rs. 20,050 |
Answer: A) Rs. 23,500
Explanation:
Explanation:
Given A & B in partnership
A Invests 116000 for 12 months
=> A's share = 116000 x 12 = 13,92,000
B Invests for 6 months
=> B's share = 144000 x 6 = 8,64,000
Their Ratio = 1392 : 864 = 29 : 18
Let the Annual profit = P
Given B's share = Rs. 9000
=> 18/47 x P = 9000
=> P = 9000 x 47/18
=> P = 23,500
Hence, Overall profit = P = Rs. 23,500