Question
‘P’ and ‘Q’ entered into a business with initial
investments of Rs. 1000 and Rs. 700 respectively. After 3 months, ‘P’ withdrew Rs. 300 while ‘Q’ added Rs. 300 more. If the total profit earned at the end of one year is Rs. 22000, then find the profit share of ‘Q’.Solution
ATQ,
Ratio of profit share of ‘P’ and ‘Q’ = (1000 × 3 + 700 × 9) : (700 × 3 + 1000 × 9) = 21 : 23 Profit share of ‘Q’ = (23/44) × 22000 = 11,500
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