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A, B and C start a business in partnership in which A invests Rs. 5000, B invests Rs. 6000 and C invests Rs. 7000 for the same amount of time. Total profit earned by this business is Rs. 72,000. However, 50% of the total profit earned is saved by the company. The other 50% is split in between A, B and C in ratios of their capital. A gets Rs. 10,000 from the profit distributed among the three. Is this statement false? |
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Answer» A, B and C start a business in partnership in which A invests Rs. 5000, B invests Rs. 6000 and C invests Rs. 7000 for the same amount of time. Total profit earned by this business is Rs. 72,000. However, 50% of the total profit earned is saved by the company. The other 50% is split in between A, B and C in ratios of their capital. A gets Rs. 10,000 from the profit distributed among the three. Is this statement false? |
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