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
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?
A, B, C invest Rs. 20000, Rs. 30000, Rs. 40000 in a business. After one year, A withdrew his money but B and C continued for one more year. If the net profit after 2 years be Rs. 32000, then A’s share in the profit is:
Manoj received Rs. 6000 as his share out of the total profit of Rs. 9000 which he and Ramesh earned at the end of one year. If Manoj invested Rs. 20000 for 6 months, whereas Ramesh invested his amount for the whole year, what was the amount invested by Ramesh?
Three friends A, B, and C invested Rs. 20,000, Rs. 18,000, and Rs. 14,000, respectively in a business. If at the end of the year they got a profit of Rs. 7,800, then the profit share of B would be:
