Question
‘M’, ‘N’, and ‘O’ initiated a partnership
with investments of Rs. 22000, Rs. 18000, and Rs. 26000, respectively. A stipulation was that q% of the overall profit would be allocated for R&D, and the balance would be divided based on their investments. Assuming the profit for the year was Rs. 66000 and ‘N’ got Rs. 15000, determine ‘q’.Solution
Investments ratio of ‘M’, ‘N’, and ‘O’ = 22000:18000:26000 = 11:9:13. Amount for division = Rs. {66000 × (100 - q)/100}. So, {66000 × (100 - q)/100} × 9/33 = 15000, 100 – q = 15000 × 100 × 33/9 × 1/66000, 100 – q = 90, q = 10.
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