Question 94

Two persons P and Q enter into a business with the investments ₹ 90,000 and 1,25,000 respectively. After 9 months Q withdraws his money from the business. If ₹ 32,340 is the profit at the end of the year, then the share ofP (in ₹) is

Solution

Share

Investment*Time product of P = 90,000*12 = 10,80,000 rupees-months
Investment*Time product of Q = 1,25,000*9 = 11,25,000 rupees-months

Total = 22,05,000 rupees-months

Share of P in the year-end profit = (1080/2205)*32,340 = 15,840 rupees 

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