Question

Rajeev & Sanjeev entered into a partnership and invested Rs.36000 and Rs.40000 respectively. After 8 months, Rajeev invested an additional capital of Rs.4000. Sanjeev withdrew Rs.4000 after 9 months. At the end of the year, their profit was Rs.45800. Find the profit of each.

Answer 1

Rajeev's capital $=36000\times 8+(36000+4000)\times 4=448000$ for 1 month
Sanjeev's capital $=40000\times 9+(40000-4000)\times 3=Rs.468000$ for 1 month
Profit sharing ratio $=448000:468000=112:117$
Rajeev's profit = $\frac{112}{229}\times 45800=Rs.22400$
SAnjeev's profit = $\frac{117}{229}\times 45800=Rs.23400$