Math Problem Statement
Q 15. A and B started a business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B's share in total profit of Rs. 25,000 earned at the end of 2 years from the
starting of the business?
C. Rs. 9500
A. Rs. 7500
B. Rs. 9000
D. Rs. 10,000
Solution
To find B's share in the total profit, we need to calculate the ratio of their investments considering the time for which the investments were made.
-
Step 1: Calculate the time-weighted investment for each partner.
- A's investment: Rs. 20,000 for 2 years (24 months).
- B's investment: Rs. 15,000 for 2 years (24 months).
- C's investment: Rs. 20,000 for 1.5 years (18 months) as C joined after 6 months.
-
Step 2: Find the total investment ratios.
- A : B : C = 480,000 : 360,000 : 360,000
- Simplifying the ratio:
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Step 3: Calculate B's share in the total profit.
- Total profit = Rs. 25,000
- B's share of the profit:
Thus, B's share in the total profit is Rs. 7,500.
Answer:
A. Rs. 7,500
Would you like more details or have any questions?
Related Questions:
- How do you calculate investment ratios in partnership problems?
- What is time-weighted investment in partnership?
- How would B's share change if C had invested more?
- What happens if the partnership had a different profit distribution rule?
- How do different time periods affect profit-sharing ratios?
Tip:
Always factor in both the amount of investment and the duration when calculating partnership profit-sharing ratios.
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Math Problem Analysis
Mathematical Concepts
Profit Sharing
Partnership
Ratio and Proportion
Time-weighted Investment
Formulas
Time-weighted investment = investment × number of months
Profit share ratio = individual time-weighted investment / total time-weighted investment
Profit share = (individual's ratio × total profit)
Theorems
Profit-sharing theorem based on time-weighted investments
Suitable Grade Level
Grades 8-10
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