Two persons A and B started a partnership. A invested Rs 4000 for the entire year, while B invested Rs 6000 for 8 months. If the total profit at the end of the year is Rs 4400, then find the share of profit A (in Rs).
Correct Answer :
2200
Solution :
The correct answer is 2200.
Step-by-Step Explanation:
In a partnership business, the profit shared between partners is directly proportional to the product of their investment amounts and the time periods for which those investments were held.
Step 1: Determine the investment and duration for each person.
Person A's investment = Rs 4000 for 12 months (entire year).
Person B's investment = Rs 6000 for 8 months.
Step 2: Calculate the ratio of their profit shares.
Ratio of profit of A to B = (A's investment × A's time) : (B's investment × B's time)
Simplifying the ratio:
Step 3: Calculate A's share of the total profit.
Total profit = Rs 4400.
Since the ratio of their shares is 1 : 1, total ratio units = 1 + 1 = 2 units.
Therefore, the share of profit for A is Rs 2200.
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