Math Problem Statement
- Raju started a business with Rs. 900. Kamal joined him after few months with an amount of 600. If the profits at the end of the year were divided in the ratio of 2:1, after how many months Kamal joined the business?
Solution
To solve this problem, we can use the concept of profit sharing based on the ratio of investments and the time for which the investments were made.
Step 1: Understanding the problem
- Raju's investment: ₹900 for the entire year.
- Kamal's investment: ₹600, but only for a certain number of months (let's denote the number of months Kamal invested as ).
- The profit-sharing ratio is 2:1 in favor of Raju.
Step 2: Setting up the equations
The profit ratio is directly proportional to the product of the investment and the time the investment was active. So:
- Raju’s share: (since he invested for the whole year)
- Kamal’s share: (where is the number of months Kamal invested)
Given the ratio of their profits is :
Step 3: Simplifying the equation
Now, solve for :
Step 4: Conclusion
Kamal joined the business after 3 months (since Kamal invested for months of the year).
Final Answer:
Kamal joined the business after 3 months.
Would you like any further details on this solution? Here are some related questions you might find interesting:
- How would the result change if Kamal had invested ₹900 instead?
- What if the profit-sharing ratio was different, say 3:2? How would that affect the result?
- How would the result change if Raju invested a different amount, say ₹1200?
- What if Kamal had joined 2 months earlier? How would that affect the profit ratio?
- How does the timing of the investment affect the overall profit-sharing in partnership problems?
Tip: In partnership problems, always remember that the share of profit is directly proportional to both the amount invested and the duration of the investment.
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Math Problem Analysis
Mathematical Concepts
Profit Sharing
Ratios
Algebra
Formulas
Profit share ratio = (Investment1 × Time1) / (Investment2 × Time2)
Investment1 × Time1 = Investment2 × Time2 × Profit Ratio
Theorems
Proportionality in Partnership
Suitable Grade Level
Grades 8-10