A and B started business with Rs.20000 and Rs.35000 respectively.They agreed to share the profit in the ratio of their capital.C joins the partnership with the condition that A,B and C will share profit equally and pays Rs.220000 as premium for this, to be shared between A and B.This is to be divided between A and B in the ratio of10 : 11 : 107 : 55 : 7
Question
A and B started business with Rs.20000 and Rs.35000 respectively.They agreed to share the profit in the ratio of their capital.C joins the partnership with the condition that A,B and C will share profit equally and pays Rs.220000 as premium for this, to be shared between A and B.This is to be divided between A and B in the ratio of10 : 11 : 107 : 55 : 7
Solution
The question seems to be incomplete. The ratio provided (10:11:107:55:7) is not clear and seems to be incorrect or out of context.
However, I can help you understand how to solve such problems based on the information given.
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First, we need to find the ratio of A and B's capital. This is 20000:35000, which simplifies to 4:7.
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C joins the partnership and pays Rs.220000 as premium. This premium is to be shared between A and B.
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If the ratio for dividing the premium was provided correctly, we would divide Rs.220000 according to that ratio.
Please provide the correct ratio or more information to solve the problem completely.
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