📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      In a business there are two partners ‘P’ and

      ‘Q’. ‘P’ started the business with the capital of Rs. 24000 and after 3 months ‘Q’ joined him with the capital of Rs. 40000. At the end of the year find the profit share of ‘Q’ out of the total profit of Rs. 2250.
      A Rs. 1220 Correct Answer Incorrect Answer
      B Rs. 1200 Correct Answer Incorrect Answer
      C Rs. 1250 Correct Answer Incorrect Answer
      D Rs. 1270 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      Capital × Time: P = 24000 × 12 = 288000 Q = 40000 × 9 = 360000 Ratio (P:Q): 288000 : 360000 = 24 : 30 = 4 : 5 Total Profit = 2250 P’s share = (4/9) × 2250 = 1000 Q’s share = (5/9) × 2250 = 1250 Hence, Q’s profit share = Rs. 1250

      Practice Next
      More Partnership Questions

      Relevant for Exams:

      ask-question