Question
‘A’ and ‘B’ entered into a partnership by
investing Rs. 2500 and Rs. 3500, respectively. If ‘A’ invested his sum for only 7 months and the total annual profit earned by them together is Rs. 10200, then find the total profit earned by ‘B’.Solution
Ratio of profit share of ‘A’ and ‘B’ = (2500 × 7):(3500 × 12) = 5:12 Total profit earned by ‘B’ = (12/17) × 10200 = Rs. 7200
He has to abide by the hard and fast rules of the company
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