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.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
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