Partnership with time-weighted capitals: Pramod starts a business with ₹ 40000. After 4 months, Vikas joins with ₹ 60000. At the end of 12 months, total profit is ₹ 16000. Find Vikas’s share in the profit.
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ARs. 8000
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BRs. 4000
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CRs. 12000
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DRs. 10000
Answer
Correct Answer: Rs. 8000
Explanation
Introduction / Context:In partnership problems, profit is divided in the ratio of capital × time (money product). When partners join at different times, weight each investment by its active duration to get fair shares.
Given Data / Assumptions:
- Pramod: ₹ 40000 for 12 months.
- Vikas: ₹ 60000 for 8 months (since he joined after 4 months).
- Total profit = ₹ 16000.
Concept / Approach:Compute money products and use them as share weights. Ratio = (40000*12) : (60000*8). Divide profit in this ratio to obtain Vikas’s share.
Step-by-Step Solution:Pramod weight = 40000 * 12 = 480000.Vikas weight = 60000 * 8 = 480000.Weights ratio = 1 : 1. Total profit split equally.Vikas’s share = 16000 / 2 = ₹ 8000.
Verification / Alternative check:If profit per weight unit is the same, equal weights imply equal profits. The computation confirms symmetry in money-time product.
Why Other Options Are Wrong:
- ₹ 4000 and ₹ 10000 require asymmetric weights, which are not present.
- ₹ 12000 contradicts equal weightage.
Common Pitfalls:
- Ignoring time and dividing profit only by capitals.
- Assuming equal months for both partners despite the staggered start.
Final Answer:Rs. 8000