Question
βAβ started a business with the investment of Rs.
19000. After βxβ months and after 6 months from starting βBβ and βCβ, respectively, joined the business with the investments of Rs. 38000 and Rs. 30000, respectively. If at the end of the year, the profit share of βAβ and βBβ is equal then find the value of βxβ.Solution
Profit share ratio of βAβ, βBβ and βCβ = (19000 Γ 12):[38000 Γ (12 β x)]:(30000 Γ 6) = 114:19(12 β x):90 Given, the profit share ratio of βAβ and βBβis equal. So, 114:19(12 β x) = 1:1 6 = (12 β x) x = 12 β 6 = 6 So, the value of x = 6
More Partnership Questions
For the 2 variables x and y with the same mean, the regression equation are y = 5x+b and x=7y +c. Calculate b/c
The demand function for a good is X = 5000 – 10Px + 15Py + 0.2Y, where in Px is the price of X, Py is the price of another good and Y is the incom...
For the following demand curve, Q=10P-2 , calculate the profit made by the monopolist when Marginal cost is Rs.2