Answer: (A) Rs. 52,683
Explanation
To find the profit share of each partner, we compute the ratio of their equivalent investments over a 1-year period using the formula:
Equivalent Investment = Investment × Time
For A, the investment is Rs. 80,000 for the first 6 months, and then Rs. 1,00,000 for the next 6 months:
Equivalent Investment of A = (80,000 × 6) + (1,00,000 × 6) = 4,80,000 + 6,00,000 = 10,80,000
For B, the investment is Rs. 50,000 for the first 6 months, and then Rs. 40,000 for the next 6 months:
Equivalent Investment of B = (50,000 × 6) + (40,000 × 6) = 3,00,000 + 2,40,000 = 5,40,000
For C, the investment is Rs. 70,000 for the entire 12 months:
Equivalent Investment of C = 70,000 × 12 = 8,40,000
The ratio of profit sharing is:
A : B : C = 10,80,000 : 5,40,000 : 8,40,000
A : B : C = 18 : 9 : 14
The sum of the ratio terms is 18 + 9 + 14 = 41.
B's share from the total profit of Rs. 2,40,000 is:
B's share = (9 / 41) × 2,40,000 = 21,60,000 / 41 ≈ 52,683