Difficulty: Easy
Correct Answer: Rs. 1300
Explanation:
Introduction / Context: When partners join at different times, use capital * time to determine profit shares. Here we compute Jayant’s and Madhu’s time-weighted capitals and then divide the profit accordingly.
Given Data / Assumptions:
Concept / Approach: Profit share ratio = (6000 * 12) : (4000 * 6). Convert to simplest ratio and allocate the total profit by parts.
Step-by-Step Solution: Jayant weight = 6,000 * 12 = 72,000. Madhu weight = 4,000 * 6 = 24,000. Ratio = 72,000 : 24,000 = 3 : 1. Total parts = 3 + 1 = 4; each part = 5,200 / 4 = 1,300. Madhu’s share = 1,300.
Verification / Alternative check: Jayant’s share = 3 * 1,300 = 3,900; Madhu’s share = 1,300. Sum = 5,200, confirming the distribution.
Why Other Options Are Wrong: 2,080, 1,800, and 2,600 are inconsistent with the 3 : 1 time-weighted ratio.
Common Pitfalls: Forgetting to multiply by months invested or mistakenly using raw capitals without time adjustment.
Final Answer: Rs. 1300
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