Partnership Profit Share

MAT 2018 · Mathematical Skills · Medium · Partnership

In a partnership, A invests 16\frac{1}{6} of the capital for 16\frac{1}{6} of the period. B invests 13\frac{1}{3} of the capital for 13\frac{1}{3} of the period and C, the rest of the capital for the entire period. What is A's share of the total profit of Rs. 2,300?

  1. A.

    Rs. 100

  2. B.

    Rs. 300

  3. C.

    Rs. 400

  4. D.

    Rs. 1,800

Answer

A

Explanation

Let total capital = C=1C = 1, total time = T=1T = 1.

  • A's investment equivalent = 16×16=136\frac{1}{6} \times \frac{1}{6} = \frac{1}{36}.
  • B's investment equivalent = 13×13=19=436\frac{1}{3} \times \frac{1}{3} = \frac{1}{9} = \frac{4}{36}.
  • C's capital = 1−(16+13)=1−12=121 - \left(\frac{1}{6} + \frac{1}{3}\right) = 1 - \frac{1}{2} = \frac{1}{2}. C's investment equivalent = 12×1=12=1836\frac{1}{2} \times 1 = \frac{1}{2} = \frac{18}{36}. Ratio of profit shares A:B:C=1:4:18A : B : C = 1 : 4 : 18. Sum of terms = 1+4+18=231 + 4 + 18 = 23. A's share = 123×2300=Rs. 100\frac{1}{23} \times 2300 = \text{Rs. } 100.

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