AP ICET 2016 Paper

Question : 100 of 200

Marks: +1, -0

Two persons P and Q enter into a business with the investments ₹90,000 and 1,25,000 respectively. After 9 months Q withdraws his money from the business. If ₹32,340 is the profit at the end of the year, then the share of P (in ₹) is

7,920
15,640
15,840
15,940

Validate

Solution:

Given : Total profit = Rs. 32340
Ratio of profits = Ratio of equivalent capitals

P:Q=(90,000×12):(125000×9)=24:25

∴ P’s share of profit

=24/{24+25}×32340=\Rs=15840

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