Partner withdraws part of the capital during the year: his share of profit
This type of question, asked 2 times: CDS 2 2016, CDS 2 2020. All 2 questions below, oldest first.
Try each one first, then open its answer.
Question 1
CDS 2 2016
36and entered into partnership with Rs. 700 and Rs. 600 respectively. After 3 months withdrew 2/7 of his stock but after 3 months, he puts back 3/5 of what he had withdrawn. The profit at the end of the year is Rs. 726. How much of this should receive ?Tap an option to check your answer.
Question 2
CDS 2 2020
25Three persons start a business with capitals in the ratio . The first person withdraws half his capital after 4 months. What is his share of profit if the business fetches an annual profit of Rs. 96,800 ?Tap an option to check your answer.