Question
EXERCISE 7.3
Faisal and Sirfraz started a business of partnership. Faisal
invested Rs. 1000 and Sifraz invested Rs. 1200 . At the end of
a vear total profit was Rs. 1430 . Find the shares of Faisal
Faisal and Sirfraz started a business of partnership. Faisal
invested Rs. 1000 and Sifraz invested Rs. 1200 . At the end of
a vear total profit was Rs. 1430 . Find the shares of Faisal
Ask by Carrillo Whittaker. in Pakistan
Jan 21,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
Faisal’s share of the profit is Rs. 650.
Solution
To determine Faisal’s share of the profit, we’ll follow these steps:
-
Determine the Investment Ratio:
- Faisal’s Investment: Rs. 1000
- Sifraz’s Investment: Rs. 1200
The ratio of their investments is: -
Calculate Total Parts:
-
Determine Faisal’s Share:
- Total Profit: Rs. 1430
- Faisal’s Share:
(Note:)
Therefore, Faisal’s share of the profit is Rs. 650.
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Extra Insights
Faisal’s investment was Rs. 1000, while Sirfraz invested Rs. 1200. The total capital contributed by both partners is Rs. 2200 (1000 + 1200). To determine Faisal’s share of the profit, first find the ratio of their investments: Faisal’s share = 1000/2200 = 5/11. With a total profit of Rs. 1430, Faisal’s share of the profit can be calculated by multiplying Rs. 1430 by the fraction of his investment: (5/11) * 1430 = Rs. 650. So, Faisal’s share of the profit is Rs. 650.
Sirfraz’s share of the profit can similarly be calculated as (6/11) * 1430 = Rs. 780.