Question
Download Solution PDFAjay and Baskar started a partnership business investing some amount in the ratio of 3∶5. Chand joined them after six months with an amount equal to that of Baskar. In what proportion should the profit at the end of one year be distributed among Ajay, Baskar and Chand?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Ajay's investment : Baskar's investment = 3 : 5
Concept:
Investment ∝ Profit
Time ∝ Profit
Profit ∝ (Investment × Time)
Calculation:
Ajay's time = 12 months
Baskar's time = 12 months
Chand's time = 12 - 6 = 6 months
The ratio of their profit = Ajay's profit : Baskar's profit : Chand's profit
⇒ (3 × 12) : (5 × 12) : [5 × (12 - 6)]
⇒ (3 × 12) : (5 × 12) : (5 × 6)
⇒ (3 × 2) : (5 × 2) : (5 × 1)
⇒ 6 : 10 : 5
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