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

Answer and explanation

Correct answer: Ninety two thousand rupees

In first period A gets one third of sixty thousand which is twenty thousand. In second period A gets three fifths of one lakh twenty thousand which is seventy two thousand total ninety two thousand.

Related tags

Change In RatioCorrect ShareTime ApportionmentProfit DistributionPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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