Rajesh started a business by investing ₹1,00,000. After 5 months, Suresh joined with ₹1,50,000. At the end of 7 months from the start, Tushar joined with ₹2,00,000. If the total profit is ₹1,50,000 at the end of the year, find the share of Tushar(approximate) .
Correct Answer :
₹46,154
Solution :
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Let's construct the response directly.
Correct Option: ₹46,154 In a partnership business, the profit earned at the end of a period is distributed among the partners in the ratio of the product of their investments and the respective time periods for which the investments were made.
• Rajesh: Invested ₹1,00,000 right from the start for the entire 12 months.
Step-by-Step Explanation:
1. Determine the time period for each partner:
The business runs for a total of 1 year (12 months).
• Suresh: Joined 5 months after the start, so his investment was active for:
• Tushar: Joined at the end of 7 months from the start, so his investment was active for:
2. Calculate the equivalent investment-time product for each partner:
• Rajesh's product:
3. Find the ratio of their profit shares:
4. Calculate Tushar's share of the profit:
Sum of the ratio terms:
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