18
Q:
A) Rs. 8,640 | B) Rs. 9,850 |
C) Rs. 10,000 | D) Rs. 11,220 |
Answer: C) Rs. 10,000
Explanation:
Explanation:
Ratio of investments of A, B & C = 2×6+4×6 : 3×12 : 4×12
= 36 : 36 : 48
= 6 : 6 : 8
But given that the annual profit of B is Rs. 3000
=> 6 ratio = 3000
Then for the total annual profit of partners is
20 ratio = 3000 x 20/6 = 10,000.