P and Q invest in a business in the ratio 7 is to 11 after 8 months P leaves the business after made a profit of $47000 in the first year then what is p's share of the profit ?
1) $14000
2) $10000
3) $26000
4) $21000
Answers
Answer:
3) $10000
Step-by-step explanation:
hope it's helps you...n
Given : P and Q invest in a business in the ratio 7 is to 11
After 8 months P leaves the business
Profit of $47000 is made in the first year
To Find: P's share of the profit ?
1) $14000
2) $10000
3) $26000
4) $21000
Solution:
P and Q invest in a business in the ratio 7 is to 11
P invest = 7x
Q invest = 11x
P invest for 8 months hence 7x * 8 = 56x
Q invest for 1 year = 12 months Hence 11x * 12 = 132x
Total = 56x + 132 x = 188x
Total Profit = 47000 $
P's Share = ( 56x/188x) * 47000
= 14000 $
Hence correct option is 1) $ 14000
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