Question
‘M’ and ‘N’ enter into a partnership. ‘M’
invests 50% more than ‘N’, but ‘N’ invests his money for 40% more time than ‘M’. What will be their profit sharing ratio?Solution
ATQ,
Let the investment of ‘N’ be Rs. p
Investment of ‘M’ = Rs. 1.5p
Let the time for which ‘M’ invests = q months
Time for which ‘N’ invests = 1.4q months
Profit ratio = (1.5p × q):(p × 1.4q) = (1.5q):(1.4q) = 15:14
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