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P started a business with the capital investing Rs. 6000. After 3 months Q also joined him, with the capital investing Rs. 4000. They make a profit of Rs. 5100 at the end of the year. How much should be the share of Q in the Profit.
  • a)
    1500
  • b)
    1700
  • c)
    1600
  • d)
    1300
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
P started a business with the capital investing Rs. 6000. After 3 mont...
GIVEN:
Investment of P = Rs. 6000
Investment of Q = Rs. 4000
Profit = Rs. 5100
FORMULA USED:
Share of Q in the profit = Ratio of Q/Sum of the ratios × 100
CALCULATION:
P : Q
Profit sharing ratio = (6000 × 12) : (4000 × 9)
72000 : 36000
2 : 1
Share of Q in the Profit = 5100 × 1/3 = 2700
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P started a business with the capital investing Rs. 6000. After 3 months Q also joined him, with the capital investing Rs. 4000. They make a profit of Rs. 5100 at the end of the year. How much should be the share of Q in the Profit.a)1500b)1700c)1600d)1300Correct answer is option 'B'. Can you explain this answer?
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