Problems on Partnership: 1. John started a business investing 8,000. After 2 months, Leonard joined with the capital of 5,000. If at the end of the year, they earn a profit of 4,410, then what will be the share of Leonard in the profit? Solution: 8000*12 : 5000*10 48:25 48+25 = 63. Leonard’s share = (4410*25)/ 63 = 1,750. 2. A started a software business by investing 49,000. After 4 months, B joined with him with a capital of 70,000. After 2 years, they e...
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