Difficulty: Easy
Correct Answer: 5 months
Explanation:
Introduction / Context: When profits are divided in a known ratio, and the capitals are known, we can find the missing time for a late entrant by equating the capital × time weights to the profit ratio. This is a straightforward application of proportional reasoning in partnerships.
Given Data / Assumptions:
Concept / Approach: Profit ratio equals the ratio of capital × time. Set up 2,250*12 : 2,700*t = 2 : 1 and solve for t. Ensure proper simplification to avoid arithmetic slips.
Step-by-Step Solution:
A weight = 2,250 * 12 = 27,000.27,000 : 2,700t = 2 : 1 ⇒ divide by 2,700 ⇒ 10 : t = 2 : 1.10/t = 2 ⇒ t = 5 months.Verification / Alternative check: B weight = 2,700*5 = 13,500. A : B weights = 27,000 : 13,500 = 2 : 1, matching the profit ratio.
Why Other Options Are Wrong: 3, 4, 6, 7 months do not yield the stated 2 : 1 profit split when converted to weights with given capitals.
Common Pitfalls: Using 12 months for both partners or failing to divide by the common factor correctly when simplifying the proportion.
Final Answer: 5 months
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