Question
P and Q invested Rs. 18000 and Rs. 12000 in a business.
After 8 months, R joined with Rs. 24000. At the end of the year, P’s share is Rs. 2400 more than Q’s share. Find the total profit.Solution
Profit share ratio = (18000 × 12) : (12000 × 12) : (24000 × 4)
= 216000 : 144000 : 96000
= 9 : 6 : 4 Sum = 9 + 6 + 4 = 19
Let total profit = 19x
ATQ,
9x – 6x = 2400
3x = 2400
x = 800 Total profit = 19 × 800 = Rs. 15200
As per the traditional approach, the expense to be matched with revenue is based on
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