Two friends, P and Q, started a business by investing ₹2,300 and ₹4,600, respectively. At the end of one year, the business earned a total profit of ₹37,272. What is the share (in ₹) of P in the profit?
12,424
Since profit in a partnership is shared in the ratio of investments, the ratio of P's investment to Q's investment is \(2300 : 4600 = 1 : 2\).
So P's share of the total profit is \(\frac{1}{1+2}\) of ₹37,272.
P's share \(= \frac{1}{3} \times 37272 = 12424\).
Hence, P's share of the profit is ₹12,424.
Similar Questions
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Important Questions from Partnership
A, B and C invest in a business in the ratio 4 ∶ 5 ∶ 7. C is a sleeping partner, so his share of profits will be half of what it would have been if he were a working partner. If they make Rs 36,000 profit of which 25% is reinvested in the business, how much does B get (in Rs)?
Sumit, Ravi and Puneet invest Rs. 45000, Rs. 81000 and Rs. 90000 respectively to start a business. At the end of the year the total profit is Rs. 4800. 30% of the total profit gives in charity and rest is divided among them. What will be the share of Sumit?
A sum of ₹ 159250 is divided among A, B, C, and D such that the ratio of the shares of A and B is 1 : 3, that of B and C is 2 : 5, and that of C and D is 2 : 3. The share (in ₹) of A is:
A and B start a business by investing Rs. 1,00,000 and Rs. 1,50,000 respectively. Find the respective share of each out of a total profit of Rs. 24, 000.
Two partners A and B have started business with the capitals of Rs. 6,000 and Rs. 8,000 respectively. If they made profit of Rs. 5,600 then the share (in Rs.) of A is:
