Mathematics · Partnership
A, B, and C started a business together. A invested ₹1,20,000 for the whole year. B joined 3 months later with ₹1,80,000 and stayed invested till the end of the year. C joined 6 months after A with ₹2,40,000 but withdrew half of his capital after 3 months, keeping the remaining till the end of the year. At the end of the year, the business made a total profit of ₹4,92,000, out of which 25% was reserved for future expansion. The remaining profit was distributed among the partners in the ratio of their weighted capital contributions. What is the share of C in the distributed profit? (Round off to the nearest thousand.)
- 1₹92,000
- 2₹96,000✓
- 3₹88,000
- 4₹1,08,000
Correct answer
₹96,000
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