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A and B enter into partnership investing Rs. 12,000 and Rs. 16,000 respectively. After 8 months C joins them with a capital of Rs. 15,000. The share of C in a profit of Rs. 45600 after 2 years will be?

Rs. 21200
Rs. 19200
Rs. 14400
Rs. 12000

Correct Answer: Rs. 12000

Explanation:

Ratio of shares = 12000 x 24 : 16000 x 24 : 15000 x 16 = 6 : 8 : 5
∴ C's share = Rs. 45600 x (5/19) = Rs. 12000

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