Question
In a business there are two partners βPβ and
βQβ. βPβ started the business with the capital of Rs. 28000 and after 3 months βQβ joined him with the capital of Rs. 40000. At the end of the year find the profit share of βQβ out of the total profit of Rs. 6960.Solution
Ratio of the profits received by βPβ and βQβ (28000 Γ 12):(40000 Γ 8) = 14:15 Therefore, profit share of βQβ = 6960 Γ (15/29) = Rs. 3600
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