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

      Question

      P and Q invested in a partnership with Rs.400 and Rs.700

      respectively. After 4 months Q added Rs. 'x' more. If at the end of the year profit share of P is Rs.800 out of total profit of Rs.(9x - 100), then find the profit share of Q.
      A 1750 Correct Answer Incorrect Answer
      B 1852 Correct Answer Incorrect Answer
      C 1800 Correct Answer Incorrect Answer
      D 1650 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      ATQ, Investments: P invested Rs.400 for 12 months → Total = 400×12= 4800. Q invested Rs.700 for 4 months, then Rs.700+x for 8 months → Total = 700×4+(700+x)×8=8400+8x. Profit-sharing ratio: Profit share ∝ contribution: P:Q = 4800 : (8400+8x) Profit division: Total profit = 9x−100, and P's share = Rs.800: To calculate's Q's profit Share,

      The total profit is = 9x − 100 = 9(300) − 100 = 2700 − 100 = 2600 P's profit is Rs.800, So, Q's profit is = 2600 − 800 =1800

      Practice Next
      More Partnership Questions
      ask-question