Q:
What is the difference in the shares of profit between P and Q in a joint business at the end of one year ?
a. P Invested Rs. 80,000 and withdrew Rs. 20,000 after 6 months.
b. Q joined four months after the start of business.
c. Q's amount was 80% of P's amount during the last six months.
Answer & Explanation
Answer: D) Data is not sufficient
Explanation: a. P's investment = (80000 x 6 + 60000 x 6) = 840000 for 1 month.
b & c. Q's investment = 80% of Rs. 60000 for 8 months.
= Rs.(48000 x 8) for 1 month = 384000 for 1 month
P : Q = 840000 : 384000 = 35 : 16.
But, the total profit is not given, so data is inadequate.
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