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Q.
What is the difference in the shares of profit between P and Q in a joint business at the end of one year ? a. P Invested Rs. 80,000 and withdrew Rs. 20,000 after 6 months. b. Q joined four months after the start of business. c. Q's amount was 80% of P's amount during the last six months.
A.
Only a
B.
Only c
C.
Both a & b
D.
Data is not sufficient
View Answer
Correct choice: D
Explanation:
a. P's investment = (80000 x 6 + 60000 x 6) = 840000 for 1 month. b & c. Q's investment = 80% of Rs. 60000 for 8 months = Rs.(48000 x 8) for 1 month = 384000 for 1 month P : Q = 840000 : 384000 = 35 : 16. But, the total profit is not given, so data is inadequate.
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