Partnership Practice Test 2

Question : 7 of 40

Marks: +1, -0

In a business A and B are partners. A contributes 1/4 of the capital for 15 months and B received 2/3 of the profit. For how long B's money was used?

Solution:

Let B's money was used for x months; then
Ratio of their capitals

=(1/4×15):(3/4×x)=5:x

Ratio of their profits =

1/3:2/3

= 1 : 2
Hence,

5/x=1/2

months
∴ x = 10 months

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