Exams › SSC CGL (Prelims) › General
P invests ₹30,000 for 12 months, and Q invests ₹40,000 for 9 months. What is P's share of a ₹28,000 profit?
- ₹ 12,000
- ₹ 14,000
- ₹ 16,000
- ₹ 18,000
Correct answer: ₹ 14,000
Solution
In partnership, profit is divided in the ratio of capital multiplied by time. P's contribution is $30000\times12=360000$ and Q's contribution is $40000\times9=360000$, so the ratio is $1:1$. Therefore P gets half of ₹28,000, which is ₹14,000.
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