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1. |
A, B and C enter into a partnership. Their contributions are Rs. 30 lakhs, Rs. 20 lakhs, and Rs. 10 lakhs respectively. A and B are working partners while C is a sleeping partner. A and B get 10% and 15% of gross profit respectively as salary for managing the business. If at the year end C receives $ 3.75 lakhs, as profit, find the share of A. |
A. | $ 16 Lakhs |
B. | $ 12 Lakhs |
C. | $ 18 Lakhs |
D. | $ 14.25 Lakhs |
Answer» E. | |