Question
Entrepreneurs 'R' and 'M' ventured into a business
together, contributing capital in the ratio of 4:3. The time periods for which 'R' and 'M' invested are in the ratio of 3:4. Now, if the total profit they earn stands at Rs. X, can you determine what percentage of 'M's profit share 'R' is entitled to?Solution
ATQ, Let the investment of 'R' and 'M' be Rs. 4a and Rs. 3a, respectively. Also, let the time period of investment by 'R' and 'M' be 3b and 4b years, respectively. So, ratio of profit share of 'R' and 'M' = 12ab: 12ab = 1:1 Hence Required percentage = (1/1) Γ 100 = 100%
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