Q7 of 27 Page 202

Three friends took loans of ₹6000, ₹8000 and ₹5000 respectively from a co-operative bank on the condition that they would not have to pay interest, if they would repay their loan within two years. They invested the money to purchase 4 cycle rickshaws. After two years they made a profit of ₹30400 excluding all the expenses. They divide the profit among themselves in the ratio of their capitals and repaid back their individual loans amount to the bank. Let us write by calculating the amount of their individual share and the ratio of their shares.

Given, 3 friends, say A, B and C, started a partnership business by taking bank loan of ₹6000, ₹8000 and ₹5000.


Ratio of partnership = 6000 : 8000 : 5000


= 6 : 8 : 5


Total profit = ₹30400



= ₹9600



= ₹12800



= ₹8000


Hence, A’s, B’s and C’s share after they have returned their respective bank loan:


A’s share = ₹9600 - ₹6000


= ₹3600


B’s share = ₹12800 - ₹8000


= ₹4800


C’s share = ₹8000 - ₹5000


= ₹3000


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