Exams › SSC CGL (Prelims) › General
P, Q, and R invested ₹30,000, ₹45,000, and ₹50,000 respectively. P's investment was for 14 months, Q's for 10 months, and R's for 8 months. The total profit is ₹70,000. What is Q's share of the profit?
- ₹ 28,125
- ₹ 30,000
- ₹ 24,803
- ₹ 35,250
Correct answer: ₹ 24,803
Solution
In partnership, profit is shared according to capital × time. Using the given investments and durations, Q’s share comes out to the stated amount.
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