Shortcut Trick
Since investments are equal, the profit ratio depends only on the time ratio.
Anil (9 months) : Sunil (12 months) ⇒ 9 : 12 = 3 : 4.
Total ratio sum = 3 + 4 = 7 units.
7 units = ₹28,000 ⇒ 1 unit = ₹4,000.
Sunil’s share = 4 units × ₹4,000 = ₹16,000.
∴ The correct answer is ₹16,000.
Alternate Method
Given:
Investment of Anil = Investment of Sunil = P
Time period for Anil (TA) = 9 months
Time period for Sunil (TS) = 12 months (1 year)
Total annual profit = ₹28,000
Formula Used:
Profit Ratio = (Investment1 × Time1) : (Investment2 × Time2)
Calculations:
⇒ Profit Ratio (Anil : Sunil) = (P × 9) : (P × 12)
⇒ Profit Ratio = 9 : 12 = 3 : 4
⇒ Let Anil’s profit be 3x and Sunil’s profit be 4x
⇒ 3x + 4x = 28,000
⇒ 7x = 28,000
⇒ x = 28,000 ÷ 7 = 4,000
⇒ Sunil’s share = 4x = 4 × 4,000
⇒ Sunil’s share = ₹16,000
∴ The correct answer is ₹16,000.
Additional Information
Basic Partnership Rule
In any business partnership, the Profit (P) is directly proportional to the product of Capital (C) and Time (T). Formula: P1 : P2 = C1T1 : C2T2.
Simple vs Compound Partnership
A Simple Partnership involves equal time periods for all partners. a Compound Partnership involves different capital investments for different time durations.
Working and Sleeping Partner
A Working Partner manages the business and may receive an extra salary, while a Sleeping Partner only provides capital and shares profit based on the investment ratio.