Three friends have started a business by investing ₹8000, ₹10000 and ₹12000 respectively. They also took an amount as bank loan. At the end of year they made a profit of ₹13400. After paying the annual bank instalment of ₹5000 they divided the remaining money of the profit among themselves in the ratio of their capitals. Let us write by calculating the profit share of each.
Given, 3 friends, say A, B and C, started a partnership business by investing ₹8000, ₹10000 and ₹12000 respectively for a year.
Ratio of partnership = 8000×12 : 10000×12 : 12000 × 12
= 4 : 5 : 6
Total profit = ₹13400
Annual bank instalment paid at the end of a year = ₹5000
∴ Remaining profit = ₹13400 - ₹5000
= ₹8400
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= ₹2240
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= ₹2800
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= ₹3360
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