Math Problem Statement

P, Q, and R enter into a partnership. P invests some money at the beginning, Q invests twice the amount after 6 months, and R invests thrice the amount after 8 months. If the annual profit earned is Rs. 9,000, what is the share of Q?

Solution

Let's solve this step by step.

Assumptions:

  • Let the amount of money P invests initially be xx.
  • Q invests twice the amount of P, which is 2x2x, after 6 months.
  • R invests thrice the amount of P, which is 3x3x, after 8 months.

Step 1: Calculate the time each partner's money is invested.

  • P: P invests xx from the beginning for the whole year, i.e., for 12 months.
  • Q: Q invests 2x2x after 6 months, so the money is invested for 6 months.
  • R: R invests 3x3x after 8 months, so the money is invested for 4 months.

Step 2: Calculate the effective capital for each partner.

The effective capital is the product of the invested amount and the time it remains invested.

  • For P: x×12=12xx \times 12 = 12x
  • For Q: 2x×6=12x2x \times 6 = 12x
  • For R: 3x×4=12x3x \times 4 = 12x

Step 3: Determine the ratio of their investments.

The total investment ratio is proportional to their effective capital contributions: Ratio of P:Q:R=12x:12x:12x=1:1:1\text{Ratio of P:Q:R} = 12x : 12x : 12x = 1:1:1

Step 4: Calculate Q's share of the profit.

Since the ratio of investments is 1:1:11:1:1, the total profit will be divided equally among P, Q, and R.

The total profit is Rs. 9,000. Therefore, Q's share is: Q’s Share=90003=3000 Rs.\text{Q's Share} = \frac{9000}{3} = 3000 \text{ Rs.}

Thus, Q's share of the profit is Rs. 3,000.


Do you want any further details or have any questions?

Here are some related questions:

  1. How is the effective capital ratio calculated in partnership?
  2. How would the result change if R invested earlier than 8 months?
  3. What would happen if P, Q, and R invested different amounts for the same time periods?
  4. How is profit distributed in a partnership if no information on time or capital is provided?
  5. What is the general formula for calculating profit share in a partnership?

Tip: In partnership problems, both the amount of investment and the time for which the investment is made are crucial in determining the profit share.

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Math Problem Analysis

Mathematical Concepts

Partnership
Profit Sharing
Ratios
Time and Investment

Formulas

Effective Capital = Amount Invested × Time Invested
Profit Share = (Individual Capital Contribution / Total Capital Contribution) × Total Profit

Theorems

Theorem of Proportional Profit Sharing in Partnerships

Suitable Grade Level

Grades 9-11