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:
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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