Question

Suresh & Ramesh entered into a partnership by investing Rs 14000 and Rs 18000 respectively. Suresh with drew his money after 4 months. If the total profit at the end of the year is Rs 12240 find the profit difference in Rs

Answer 1

Suresh invest 1400 for 4 months
Ramesh invest 18000 for 12 months
Profit sharing ratio =$14000\times 4:18000\times 12=7:27$
Suresh's profit = $\frac{7}{34}\times 12240=Rs.2520$
Ramesh's profit = $\frac{27}{34}\times 12240=Rs.9720$