Q: A and B started a business with Rs 20,000 and Rs. 35,000 respectively. They agreed share the profit in the ratio of their capital. C joined the partnership with the condition that A, B and C will share profit equally and pay Rs. 220000 as premium for this, to be shared between A and B. In what ratio this premium is to be divided between A and B?

• A. 01:10:00
• B. 10:01:00
• C. 05:08:00
• D. 10:09:00