Aptitude Day 204

Answers of the Day 203:  1. 1428.57 approximately.

                                            2. 864.59.

Partnership:

Ratio and Division of Gains:

When investments of all the partners are of the same time, the gain or loss is distributed among the partners in the ratio of their investments.

Suppose A and B invest x and y respectively for a year in a business, then at the end of the year:

(A’s share of profit) : (B’s share of profit) = x:y

When investments are for different time periods, then equivalent capitals are calculated for a unit of time by taking (capital *number of units of time). Now, gain or loss is divided in the ratio of capitals.

Suppose A invests x for p months and B invests y for q months, then

(A’s share of profit): (B’s share of profit) = xp: yq.

PS: If there is no mentioned time period in the question, the time period should be considered as 1 year.