Shortcut Trick
The ratio of Profit Share is equal to the ratio of Investment when the time period is the same for all partners.
Ratio of Capitals (Ram : Lakhan : Bharat) = 85000 : 68000 : 34000 = 85 : 68 : 34 = 5 : 4 : 2.
Total ratio units = 5 + 4 + 2 = 11 units. Total Profit = Rs. 13,310.
Value of 1 unit = 13310 ÷ 11 = Rs. 1,210.
Difference between Ram and Bharat = (5 − 2) units = 3 units.
Difference in Profit = 3 × 1210 = Rs. 3,630.
∴ The correct answer is Rs. 3,630.
Alternate Method
Given: Ram's Capital = Rs. 85,000, Lakhan's Capital = Rs. 68,000, Bharat's Capital = Rs. 34,000. Total Profit = Rs. 13,310. Time = 5 years (constant).
Formula: Profit Ratio = (C1 × T1) : (C2 × T2) : (C3 × T3)
⇒ Ratio of Profit = (85000 × 5) : (68000 × 5) : (34000 × 5)
⇒ Ratio of Profit = 85 : 68 : 34 = 5 : 4 : 2
⇒ Let Ram's share = 5x, Lakhan's = 4x, Bharat's = 2x
⇒ 5x + 4x + 2x = 13310 ⇒ 11x = 13310 ⇒ x = 1210
⇒ Difference (Ram − Bharat) = 5x − 2x = 3x
⇒ 3 × 1210 = 3630
∴ The correct answer is Rs. 3,630.
Additional Information
Partnership Basics
In a partnership, profit is distributed based on the product of Investment and Time. If time is constant, profit depends solely on the investment ratio.
Simple vs Compound Partnership
A Simple Partnership involves investments for the same duration, while a Compound Partnership involves investments for different time periods.