Shortcut Trick
Profit Ratio of A, B and C = (10 × 5) : (12 × 6) : (15 × 9) = 50 : 72 : 135
Total profit in ratio parts = 50 + 72 + 135 = 257 parts
Given A's profit = 50 parts = Rs. 2500 ⇒ 1 part = Rs. 50
Total Profit = 257 parts = 257 × 50 = Rs. 12,850
∴ The correct answer is Rs. 12,850.
Alternate Method
Given:
Investment of A = Rs. 10,000, Time = 5 months
Investment of B = Rs. 12,000, Time = 6 months
Investment of C = Rs. 15,000, Time = 9 months
A's profit share = Rs. 2,500
Formula Used:
Profit Ratio = Investment × Time
Calculations:
⇒ Profit ratio (A : B : C) = (10000 × 5) : (12000 × 6) : (15000 × 9)
⇒ Profit ratio = 50000 : 72000 : 135000 = 50 : 72 : 135
⇒ Let the profits of A, B, and C be 50x, 72x, and 135x respectively.
⇒ Total profit = 50x + 72x + 135x = 257x
⇒ Given A's profit = 50x = 2500
⇒ x = 2500 ÷ 50 = 50
⇒ Total Profit = 257x = 257 × 50 = 12850
∴ The correct answer is Rs. 12,850.
Additional Information
Compound Partnership
When capitals of partners are invested for different time periods, the profit or loss is distributed in the ratio of the product of their capital and time.
Simple Partnership
When capitals of partners are invested for the same period of time, the profit or loss is distributed in the exact ratio of their original investments.
Working and Sleeping Partners
A working partner manages the business and receives a specific salary or percentage. A sleeping partner only invests capital. The remaining profit after salary deduction is shared in the investment ratio.