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P and Q starts a business with investmen...

P and Q starts a business with investment of ₹ 28000 and ₹ 42000 respectively. P invests for 8 months and Q invests for one year.If the total profit at the end of the year is ₹ 21125, then what is the share of P?

A

₹ 12625

B

₹ 14625

C

₹ 6500

D

₹ 8750

Text Solution

AI Generated Solution

The correct Answer is:
To find the share of P in the profit from the business, we will follow these steps: ### Step 1: Determine the investments and time periods - P's investment = ₹28,000 for 8 months - Q's investment = ₹42,000 for 12 months (1 year) ### Step 2: Calculate the product of investment and time for both P and Q - For P: Investment × Time = ₹28,000 × 8 months = ₹224,000 - For Q: Investment × Time = ₹42,000 × 12 months = ₹504,000 ### Step 3: Find the ratio of P's and Q's contributions - The ratio of P's contribution to Q's contribution is: \[ \text{Ratio} = \frac{P's \, contribution}{Q's \, contribution} = \frac{224,000}{504,000} \] - Simplifying this ratio: \[ \text{Ratio} = \frac{224}{504} = \frac{4}{9} \] ### Step 4: Calculate the total parts of the profit - The total parts in the ratio = 4 (for P) + 9 (for Q) = 13 parts. ### Step 5: Determine P's share of the total profit - Total profit = ₹21,125 - P's share of the profit is calculated as: \[ P's \, share = \left(\frac{4}{13}\right) \times 21,125 \] - Calculating P's share: \[ P's \, share = \frac{4 \times 21,125}{13} = \frac{84,500}{13} = 6,500 \] ### Conclusion P's share of the profit is ₹6,500. ---
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