Question

P and q jointly buy a hotel.P invests six times the investment of q.On receiving profit of 84000 what will be p share in it

Answer 1

Answer:

let investment of q be x

                     and p be 6x

total investment = x + 6x = 7x

total profit = 84000

  A/Q

       7x = 84000

       x = 84000/7

       x = 12000

profit goes to q = 12000

profit goes to p = 12000*6

                          = 72000

Step-by-step explanation:

Answer 2

Answer:

The profit share amount of P is Rs . 72000

Step-by-step explanation:

Given:

• P invests six times the investment of q.

• They receive profit of 84000

To find: The amount of profit share.

Solution

When time period is same, Ratio of investment = Ratio of Profit

Share of profit:

Employees who participate in profit sharing plans receive a portion of the company's profits before taxes.

Profit-sharing amount =$\frac{(Profits X Profit-sharing Percentage) X (Employee Compensation}{Total Employee Compensation}$)

Therefore,

Ratio of investment of P to Q = 6:1

Ratio of investment = Ratio of Profit

Ratio of profit = 6:1

Share of p in profit = $\frac{6}{6 + 1}$ × 84000

                              =  $\frac{6}{7}$  × 84000

                              =  6 × 12000

                              =  72000

Final answer:

The profit share amount of P is Rs . 72000

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