Question
In a business, two partners, B
and A, made investments in the ratio of 15:16. After 5 months, P joined with an investment of Rs. 15,000. At the end of the year, the total profit amounted to Rs. 14,000, and P's share of the profit was Rs. 4,700. What is the share of the profit that A will receive?Solution
ATQ, Profit share of P = Rs. 4700 Profit share of B and A together = 14000 - 4700 = Rs. 9300 Profit share of AÂ = (9300/31) x 16 = Rs. 4800
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