Find each person's share of profit of N6,300

Find each person's share of profit of N6,300

Postby Chikis » Tue Feb 04, 2014 2:39 am

P and Q are partners in a venture. P contributed N20,000 for nine months and Q contributed N50,000 for one year. Find each person's share of profit of N6,300
Chikis
 
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Re: Find each person's share of profit of N6,300

Postby Guest » Tue Feb 04, 2014 6:57 am

Does time come into it.....We might only be after the money....

Together they contribute 70000

P = 2/7 of the profit = 1800
Q = 5/7 of the profit = 4500

..............Simple........to share.....
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Re: Find each person's share of profit of N6,300

Postby burgess » Thu Jul 10, 2014 8:50 am

Chikis wrote:P and Q are partners in a venture. P contributed N20,000 for nine months and Q contributed N50,000 for one year. Find each person's share of profit of N6,300


P and Q share the profit in the ration of 9*20000 : 12* 50000 =18 : 60 =3:10
Calculate the profit accordingly

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