Question
A started a venture with Rs. (P + 1500). After 6 months, B
entered with Rs. 2P. If the ratio of B’s profit share to A’s is 6:7, find (P − 500).Solution
ATQ,
Ratio of profit share of A and B respectively:
= [(P + 1500) × 12] : [2P × 6]
= (P + 1500) × 12 : 12P
= (P + 1500) : P
ATQ;
(P + 1500) : P = 7 : 6
Or, P + 1500 = (7/6)P
Or, 6P + 9000 = 7P
Or, P = 9000
Required value = 9000 − 500 = 8500
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