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#1 2006-03-10 16:40:21

ganesh
Administrator
Registered: 2005-06-28
Posts: 26,620

Partnership

P # 1
Out of the three partners in a business, the capital of A is twice that of B and the capital of B is twice that of C. If at the end of the year, the profit is \$10,500, find out the share of each.

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#2 2006-05-14 19:26:18

luca-deltodesco
Member
Registered: 2006-05-05
Posts: 1,470

Re: Partnership

ehm, i dont know exactly what you mean by capital, but supposing its the same as profit?

10500 / 7 = 1500

C gets 1500
B gets 3000
A gets 6000

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#3 2006-05-14 20:11:56

ganesh
Administrator
Registered: 2005-06-28
Posts: 26,620

Re: Partnership

luca-deltodesco,
Capital is in the investment made at the start of business. Usually, the profit is shared in accordance with the capital, as in this question.

Your answer is correct!

It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi.

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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