Question
'A' started a business with Rs. 9,600. After 5 months, 'A'
reduced his investment by Rs. 2,400 and 'B' joined the business with Rs. 11,200. At the end of 17 months from the start, the profit share of 'A' was Rs. 8,500. What was the profit share of 'B'?Solution
ATQ,
Ratio of profit share of 'A' to 'B':
= (9600 Ă— 5 + 7200 Ă— 12) : (11,200 Ă— 12)
= (4 Ă— 5 + 3 Ă— 12) : (7 Ă— 12)
= (20 + 36) : 84
= 56:84
= 2:3
Therefore, profit share of 'B' = (3/2) Ă— 8,500 = Rs. 12,750
Account Receivable Turnover ratio is calculated by
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