7
Q:
A) Rs. 9580.25 | B) Rs. 10600 |
C) Rs. 10664.15 | D) Rs. 11060.48 |
Answer: C) Rs. 10664.15
Explanation:
Explanation:
Profit received by Chinna as working partner = 14.5% of Rs. 19600
= 14.5x19600/100 = Rs. 2842
Balance in profit = 19600-2842 = Rs. 16758
Ratio of investment of Chinna & Munna = 80,000 : 1,40,000 = 4 : 7
Hence share of Chinna in investment = 4x16758/100 = Rs. 6093.85
Therefore, Share of Munna = 19600 - 2842 - 6093.85 = Rs. 10664.15