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 .
- Q invests twice the amount of P, which is , after 6 months.
- R invests thrice the amount of P, which is , after 8 months.
Step 1: Calculate the time each partner's money is invested.
- P: P invests from the beginning for the whole year, i.e., for 12 months.
- Q: Q invests after 6 months, so the money is invested for 6 months.
- R: R invests 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:
- For Q:
- For R:
Step 3: Determine the ratio of their investments.
The total investment ratio is proportional to their effective capital contributions:
Step 4: Calculate Q's share of the profit.
Since the ratio of investments is , the total profit will be divided equally among P, Q, and R.
The total profit is Rs. 9,000. Therefore, Q's share is:
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:
- How is the effective capital ratio calculated in partnership?
- How would the result change if R invested earlier than 8 months?
- What would happen if P, Q, and R invested different amounts for the same time periods?
- How is profit distributed in a partnership if no information on time or capital is provided?
- 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
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