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A, B and C enter into a partnership, investing Rs. 6000. A invests Rs. 1000 and B and C invests in the ratio of 2 : 3. Find the profit of C, when the annual profit is Rs. 2400.
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- Rs. 600
- Rs.1200
- Rs.1800
- Rs.1950
Correct Option: B
Given that , Total investment by A , B and C = Rs. 6000
Investment by A = Rs. 1000
Ratio of investment of B and C = 2 : 3
Total investment by B and C = 6000 - 1000 = Rs. 5000
| ∴ B’s investment = Rs. |  | 2 | × 5000 |  | = Rs. 2000 | |
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| C’s investment = Rs. | | 3 | × 5000 | | = Rs. 3000 | |
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Ratio of the equivalent capitals of A, B and C for 1 month = 1000 : 2000 : 3000 = 1 : 2 : 3
Sum of the terms of ratio = 1 + 2 + 3 = 6
| ∴ C’s share = Rs. | | 3 | × 2400 | | = Rs. 1200 | |
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