Question
‘P’ and ‘Q’ invested Rs. 6,000 and Rs. 7,200
respectively to start a business. ‘Q’ withdrew his investment after 6 months. If the total profit at the end of the year was Rs. 3,120, what was Q’s share of the profit?Solution
ATQ,
Investment time ratio for P and Q = (6000 × 12) : (7200 × 6) = 72,000 : 43,200 = 5 : 3 Total parts = 5 + 3 = 8 Q’s share = (3/8) × 3120 = Rs. 1,170
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