Question
Pihu and Monu started a business with investments of Rs. 3,840 and Rs. 4,800, respectively. After 9 months, Monu exited the business. Pihu, as the active partner, is entitled to 20% of the total profit, while the remaining profit is distributed between them in proportion to their investments. If Pihu's total earnings at the end of 15 months amount to Rs. 1,150, determine Monu's share of the profit.
Solution
Ratio of profit share of Pihu and Monu respectively: = (3,840 X 15) :(4,800 X 9) = 4:3 Let the total profit be Rs. 7p. Profit share of Pihu = 0.2 X 7p + (4/7) X 0.8 X 7p = 1.4p + 3.2p = Rs. 4.6p So, 4.6p = 1,150 Or, 'p' = 250 Therefore, profit share of Monu = 7p - 4.6p = 2.4p = 2.4 X 250 = Rs. 600Β
More Partnership Questions
- Asmita and Bittu jointly started a business, investing Rs.2,400 and Rs.3,000, respectively. After 3 months, Chikku joined them with an investment of Rs.1,8...
- Rohan and Deepak invested Rs. 10,000 and Rs. 15,000 respectively. After 3 months, Rohan reduced his investment by Rs. 2,000 and Aman joined with Rs. 20,000...
- A businessman earned Rs. 50,000 profit. He invested 30% of this profit in stocks, donated 10% of the remaining to charity, and spent 15% of the rest on a p...
- Amit and Vipin together start a business with investment of Rs. 2000 and Rs. ‘x + 800’, respectively. If the profit earned after 5 years is Rs....
- A, B and C invest in a business as follows, A invests βΉ40,000 for 12 months, B invests βΉ60,000 for 9 months, C invests βΉ80,000 for 6 months. If the total p...
- A started a business with an investment of Rs.1800. After some months, B joins the business with an investment of Rs.3600 and after two more months C joins...
- βAβ started a business with the investment of Rs. 18000. After βxβ months and after 6 months from starting βBβ and βCβ, respectively, joined the business w...
- Ramesh, Rajan and Ritesh enter into partnership by making investments in the ratio 3 : 5 : 7. After a year, Ritesh invests another Rs. 337600 while Ramesh ...
- Determine the initial investment made by 'Adam' if both 'Adam' and 'Zampa' jointly invested Rs. 7000 in a startup business. After 7 months, 'Adam' added 20...
- A and B started a business together by investing Rs. 10,800 and Rs. 6,300, respectively. They maintained their investments for periods in the ratio of 7:9....