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What is R 's share of profit in a joint ...

What is R 's share of profit in a joint venture ?
A. Q started business investing Rs. 80,000/-
B. R joined him after 3 months
C. P joined after 4 months with a capital of Rs.1,20,000 and got Rs. 6,000 as his share of profit.

A

Only A and C are required

B

Only B and D are required

C

All A, B and C together are required

D

Ever with all A , B and C the answer cannot be arrived

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AI Generated Solution

The correct Answer is:
To determine R's share of profit in a joint venture, we need to analyze the information provided in the statements step by step. ### Step 1: Understand the Investments - **Q's Investment**: Q started the business with an investment of Rs. 80,000. - **R's Entry**: R joined the business after 3 months. However, we do not know how much R invested. - **P's Investment**: P joined after 4 months with a capital of Rs. 1,20,000 and received Rs. 6,000 as his share of profit. ### Step 2: Calculate the Time Contribution - **Q's Time Contribution**: Q invested Rs. 80,000 for the entire duration of the venture. - **R's Time Contribution**: R joined after 3 months, so he was involved for the remaining period of the venture. - **P's Time Contribution**: P joined after 4 months, meaning he was involved for a shorter duration than Q and R. ### Step 3: Profit Sharing To share the profits, we need to consider the capital invested and the time for which it was invested. The profit share can be calculated using the formula: \[ \text{Profit Share} = \text{Investment} \times \text{Time} \] ### Step 4: Analyze the Given Information - We know P's profit share (Rs. 6,000) and his investment (Rs. 1,20,000). - However, we do not have R's investment amount, which is crucial to determine R's share of profit. ### Step 5: Conclusion Since we do not have sufficient information about R's investment amount, we cannot calculate R's share of profit in the joint venture. Therefore, even when considering all the statements (A, B, and C), we cannot arrive at a definitive answer regarding R's share of profit. ### Final Answer The answer is that we cannot determine R's share of profit based on the provided information. ---

To determine R's share of profit in a joint venture, we need to analyze the information provided in the statements step by step. ### Step 1: Understand the Investments - **Q's Investment**: Q started the business with an investment of Rs. 80,000. - **R's Entry**: R joined the business after 3 months. However, we do not know how much R invested. - **P's Investment**: P joined after 4 months with a capital of Rs. 1,20,000 and received Rs. 6,000 as his share of profit. ### Step 2: Calculate the Time Contribution ...
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