Q:
X and Y entered into partnership with Rs. 700 and Rs. 600 respectively. After another 3 months, X withdrew two- sevenths of his stock but after 3 months, he puts back three-fifths of what he had withdrawn. The total profit at the end of the year is Rs. 726. How much of this should X receive?
Answer & Explanation
Answer: B) Rs. 366
Explanation: Profit ratio X & Y = (700 × 3) + (700 × 5/7× 3) + (700× 5/7 + 200 × 3/5 )× 6 : 600 ×12
X:Y= 7320 : 7200= 183:180
∴ X’s share from profit = 183 × 726/(183+180) = Rs. 366.
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