Question
Download Solution PDFP began a business with ₹ 4500 and was joined afterwards by Q with ₹5400. If the profits at the end of the year were divided in the ratio 2 :1, Q joined the business after:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept:
Profit is divided in the ratio of capital × time.
Calculation:
Let: P's investment = ₹4500 for 12 months
Q's investment = ₹5400 for x months
⇒ (4500 × 12) / (5400 × x) = 2 / 1
⇒ 54000 / (5400x) = 2 / 1
⇒ 54000 = 10800x
⇒ x = 54000 / 10800 = 5
Q joined after 7 months (since Q worked only for 5 months out of 12).
Last updated on Jul 1, 2025
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