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EXERCISE 7.3. 1. Faisal and Sirfraz started a business of partnership. Faisal invested Rs. 1000 and Sirfraz invested Rs. 1200 . At the end of a year total profit was Rs. 1430 . Find the shares of Faisal and Sirfraz in profit.

Ask by Martin Romero. in Pakistan
Jan 21,2025

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Faisal gets Rs. 650 and Sirfraz gets Rs. 780 from the profit.

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The Deep Dive

To find Faisal and Sirfraz's shares in the profit, we first need to determine the total investment. Faisal invested Rs. 1000 and Sirfraz invested Rs. 1200, giving us a combined investment of Rs. 1000 + Rs. 1200 = Rs. 2200. Next, we can find their respective shares in the partnership based on their investments. Faisal's share = Rs. 1000 / Rs. 2200 and Sirfraz's share = Rs. 1200 / Rs. 2200. Now, we calculate the profit share for each. The total profit is Rs. 1430. Faisal's share of the profit = (Faisal's share of total investment) * Total Profit = (1000/2200) * 1430 = Rs. 650. Sirfraz's share of the profit = (Sirfraz's share of total investment) * Total Profit = (1200/2200) * 1430 = Rs. 780. So, Faisal will receive Rs. 650 and Sirfraz will receive Rs. 780 from the profit.

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