A, B and C are partners. A receives 2/3 of profits, B and C dividing the remainder equally.
A, B and C are partners. A receives 2/3 of profits, B and C dividing the remainder equally. A's income is increased by Rs.400 when the rate to profit rises from 5 to 7 percent. Find the Capital of C?
Answer/Solution
5000
Steps/Work
A:B:C = 2/3:1/6:1/6 = 4:1:1
x * 2/100 * 2/3 = 400
C's capital = 30000*1/6 = 5000
Answer: C
x * 2/100 * 2/3 = 400
C's capital = 30000*1/6 = 5000
Answer: C