In a partnership, X invests of the capital for of the time, Y invests of the capital for time and Z invests the remaining capital for the whole time. If at the end of the year the profit earned is ₹23,000, then what will be Y's share?
- A₹6,000
- B₹5,500
- C₹5,000
- D₹4,000
Solution & Step-by-step Explanation
Let the total capital be units and total time be units (chosen based on the denominators and ).
Investments of each partner:
* X's capital =
* Y's capital =
* Z's capital =
Time of investment for each partner:
* X's time =
* Y's time =
* Z's time = (whole time)
The profit sharing ratio ():
Total profit ratio sum = .
Given total profit = ₹23,000.
Y's share (which is units):
Investments of each partner:
* X's capital =
* Y's capital =
* Z's capital =
Time of investment for each partner:
* X's time =
* Y's time =
* Z's time = (whole time)
The profit sharing ratio ():
Total profit ratio sum = .
Given total profit = ₹23,000.
Y's share (which is units):