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A, B and C share profit in the ratio 3:4:5. If total profit is ₹24,000, what is B's share?

Answer and explanation

Correct answer: ₹8,000

The governing concept is distribution of partnership profit according to ratio parts. The partners’ ratio is 3:4:5, so the total number of parts is 3+4+5=12. The value of one part is ₹24,000÷12=₹2,000. B is entitled to four parts, therefore B’s share is 4×₹2,000=₹8,000. Thus option B is correct. The result can be checked because A receives 3×₹2,000=₹6,000 and C receives 5×₹2,000=₹10,000; their total is ₹6,000+₹8,000+₹10,000=₹24,000. Option A is A’s share, option C is C’s share, and option D does not correspond to four of the twelve parts.

Related tags

Profit-DistributionPartnership-RatioRatio-CalculationPartnership-AccountsProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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