Question
M and N started a partnership with investments of Rs.
10,000 and Rs. 8,000. After 6 months, M increased his contribution by Rs. 2,000 and O joined with Rs. 12,000. If the total profit at the end of the year was Rs. 39,600, what was M’s share?Solution
ATQ,
Ratio of profit share of M, N and O:
= (10000 Ă— 6 + 12000 Ă— 6) : (8000 Ă— 12) : (12000 Ă— 6)
= 66 : 48 : 36
Therefore, profit share of M = (66 / 150) Ă— 39600 = Rs. 17,424
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