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P and Q entered into a partnership with investments of ₹9,500 each. P and Q left after 7 months and 8 months respectively. At the end, P's profit share is ₹348 more than Q's profit share. Find Q's profit share.
- ₹1448
- ₹1146
- ₹1248
- ₹1568
Correct answer: ₹1248
Solution
Since both partners invested the same amount, their profit shares are proportional to the time for which they remained in the business. Thus P:Q = 7:8, and the difference of 1 part equals ₹348. So Q's share is 8 parts = ₹1248.
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