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For first four months profit ratio was one to two and for next eight months it became three to two. Annual profit one lakh eighty thousand rupees is assumed earned evenly. What is total profit of A?

Answer and explanation

Correct answer: Ninety thousand rupees

Profit for first four months is sixty thousand and A gets twenty thousand. Profit for next eight months is one lakh twenty thousand and A gets seventy two thousand so total is ninety two thousand.

Related tags

Change In RatioTime BasisProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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