P, Q and R invested ₹ 45000, ₹ 70000 and ₹ 90000 respectively to start a business. At the end of 2 years, they earned a profit of ₹ 164000. What will be Q's share in the profit?
Aptitude
Partnership
Difficulty: Medium
Choose an option
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A₹ 36000
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B₹ 56000
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C₹ 64000
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D₹ 72000
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ENone of these
Answer
Correct Answer: ₹ 56000
Explanation
### Concept & Equal Time Partnership
In a partnership where all members invest their capital for an identical duration, the profit is distributed precisely in the ratio of their initial investments.
$$ \text{Profit Ratio} = \text{Investment}_1 : \text{Investment}_2 : \text{Investment}_3 $$
### Step-by-Step Solution
* **Given:**
* Investments: P = ₹ $45000$, Q = ₹ $70000$, R = ₹ $90000$
* Total Profit = ₹ $164000$
* Time = $2$ years (Constant for all, thus negligible for ratio)
* **Calculation/Deduction:**
1. Find the ratio of their investments:
$$P : Q : R = 45000 : 70000 : 90000$$
2. Simplify by canceling out three zeros from each term:
$$P : Q : R = 45 : 70 : 90$$
3. Further simplify by dividing all terms by their highest common factor, $5$:
$$P : Q : R = 9 : 14 : 18$$
4. Sum the parts of the ratio to find the total denominator:
$$\text{Total parts} = 9 + 14 + 18 = 41$$
5. Calculate Q's share (which is $14$ parts out of $41$):
$$\text{Q's Share} = 164000 \times \left(\frac{14}{41}\right)$$
6. Simplify and solve:
$$\frac{164000}{41} = 4000$$
$$\text{Q's Share} = 4000 \times 14 = 56000$$
### Exam Strategy & Shortcut
Recognize that $41 \times 4 = 164$. Once you get the total parts as $41$, the division step becomes mental math: $164000 / 41 = 4000$. Q represents $14$ units, so $14 \times 4000 = 56000$.
### Common Pitfall
A time-consuming mistake is multiplying each investment by $2$ (for the years) before finding the ratio. Since the time is the same for all investors, it will eventually cancel out. Save time by ignoring uniform time periods immediately.
### Final Answer
Therefore, the correct answer is **₹ 56000**.