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$ 52000 is to be divided among the partners A, B and C. The ratio of their investments is (1 / 12) : (1 / 18) : (1 / 24). Find the share of A.
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- $ 16000
- $ 24000
- $ 12000
- $ 18000
Correct Option: B
This is a case of simple partnership :
Ratio of their investments = | : | : | = | : | : | | |||||||
12 | 18 | 24 | 72 | 72 | 72 |
(Here , 72 is the LCM of 12, 18 and 24)
Ratio of their investments = 6 : 4 : 3
Sum of the ratios= 6 + 4 + 3 = 13
and, | = $ 4000 | 13 |
A’s share = 6 × 4000 = $ 24000