a and b starts a business with 60,000rs and 75,000rs.respectively. At the end of the year earned a profit 45,500rs. find the share of each partner in the profit
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given a's capital = 60000.
b's capital =75000.
from their capital wa derive the profit sharing ratio.
=60000:75000
=60:75
=12:15
=4:5
their profit sharing ratio is 4:5.
4+5=9
45500/9=5,055.5555555556
A's profit =5,055.5555555556×4
=20222
B's profit =5,055.5555555556×5
=25,278.
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