A, B and C entered into a partnership by investing Rs 12000, Rs 15000 and Rs 18000, respectively. A is also a working partner and receiving 15% of the annual profit for his work. If B and C received Rs 8500 and Rs 10200 from the annual profit as their shares, what amount did A receive from the annual profit?
- Rs 10,500
- Rs 11,500
- Rs 11,300
- Rs 14,000
- None of the above
Sol:
Capital ratio of A,B,C is 12000:15000:18000 = 4:5:6
Profit ratio of B and C = 8500 : 10200 = 5:6
