Profit Sharing Calculation
The investments of P, Q, and R are in the ratio 12 : 82 : 38.
The total profit earned is ₹3,510.
We need to find the difference between the profit shares of Q and R.
Steps to Find the Difference
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Calculate the sum of the ratio parts:
Total parts = $12 + 82 + 38 = 132$
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Find the difference in the ratio parts between Q and R:
Difference in parts = Q's parts - R's parts
Difference in parts = $82 - 38 = 44$
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Calculate the value of one ratio part:
Value per part = Total Profit / Total Parts
Value per part = $\frac{₹3,510}{132}$
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Calculate the difference in profit shares:
Difference in Profit = Difference in parts $\times$ Value per part
Difference in Profit = $44 \times \frac{₹3,510}{132}$
Simplify the expression:
Difference in Profit = $\frac{44}{132} \times ₹3,510
Difference in Profit = $\frac{1}{3} \times ₹3,510
Difference in Profit = ₹1,170
Therefore, the difference between the shares of Q and R is ₹1,170.
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Important Questions from Partnership
Kiran, Vimal and Naveen started a business by investing Rs. 1,35,000, Rs. 1,50,000 and Rs. 1,65,000 respectively. Find the share of each (respectively), out of an annual profit of Rs. 60,000.
When the incoming partner cannot bring premium for goodwill, then the necessary adjustment for goodwill is done through which one of the following?
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