Question
R and S invested Rs. 18,000 and Rs. 12,000 respectively in a venture. After 5 months, R withdrew Rs. 3,000 and T joined the partnership with Rs. 9,000. Find the profit share of S if the annual profit was Rs. 21,000.
Solution
ATQ,
Ratio of profit share of R, S and T:
= (18000 × 5 + 15000 × 7) : (12000 × 12) : (9000 × 7)
= 225 : 144 : 63
Therefore, profit share of S = (144 / 432) × 21000 = Rs. 7,000
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