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P-and-Q-are-partners-in-a-venture-P-contributed-20-000-for-nine-month-and-Q-contributed-50-000-for-one-year-find-each-person-share-of-profit-of-6-300-




Question Number 6743 by Tawakalitu. last updated on 20/Jul/16
P and Q are partners in a venture,  P  contributed #20,000 for  nine month, and Q contributed #50,000 for one year. find each  person share of  profit of #6,300
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Answered by Rasheed Soomro last updated on 20/Jul/16
In order to compare the investments of   P   and   Q   and then divide the profit in  light of that coparison we need to determine  the investments for same period.  An easy way is to determine for one month.    Contribution of  #20,000  for  9 months                               =Contribution  #(9×20,000) for 1 month.                               =#180,000 for  1  month.    Contribution of  #50,000 for  12 months                                 =Contribution #(12×50,000) for 1 month                                 =#600,000 for 1 month.    Ratio of investments of P   and  Q                                   =#180,000:#600,000=18:60=3:10                              profit of P= 6300×(3/(13))≈1453.85                              profit of Q= 6300×((10)/(13))≈4846.15
InordertocomparetheinvestmentsofPandQandthendividetheprofitinlightofthatcoparisonweneedtodeterminetheinvestmentsforsameperiod.Aneasywayistodetermineforonemonth.You can't use 'macro parameter character #' in math modeYou can't use 'macro parameter character #' in math modeYou can't use 'macro parameter character #' in math modeYou can't use 'macro parameter character #' in math modeYou can't use 'macro parameter character #' in math modeYou can't use 'macro parameter character #' in math modeRatioofinvestmentsofPandQYou can't use 'macro parameter character #' in math modeprofitofP=6300×3131453.85profitofQ=6300×10134846.15
Commented by Tawakalitu. last updated on 20/Jul/16
Thanks so much
Thankssomuch

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