Multiple choice

P and Q entered a partnership for 3 yr. at the start of the business, they invested rs.13000 and rs.25000 respectively, at the end of 3 yr their total profit was rs.76000. what will be share of Q out f this profit

  1. Rs50000

  2. Rs.26000

  3. Rs.55000

  4. Rs.21000
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A Correct answer
Explanation

Profit sharing ratio is proportional to investment: 13000 : 25000 = 13 : 25. Total parts = 38. Q's share = (25/38) * 76000 = 25 * 2000 = 50000.

AI explanation

Since the time period is the same for both, their profit ratio equals their investment ratio of 13000 : 25000, which simplifies to 13 : 25. The total of 38 parts corresponds to the total profit of Rs. 76000, meaning one part equals 76000 divided by 38, which is 2000. Therefore, Q's share is 25 parts multiplied by 2000, resulting in Rs. 50,000.

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