Shortcut Trick
Investment Ratio = (Profit Ratio) ÷ (Time Ratio)
Investment Ratio = (6/14) : (8/8) : (9/7)
Investment Ratio = (3/7) : 1 : (9/7)
Multiply the entire ratio by 7 to simplify: 3 : 7 : 9
∴ The correct answer is 3:7:9.
Alternate Method
Given:
Profit ratio of three partners = 6 : 8 : 9
Time of investment for each partner = 14 months, 8 months, and 7 months
Formula Used:
Profit = Investment × Time
⇒ Investment = Profit ÷ Time
Let the investments of the three partners be I1, I2, and I3 respectively.
⇒ I1 : I2 : I3 = (6/14) : (8/8) : (9/7)
⇒ I1 : I2 : I3 = (3/7) : 1 : (9/7)
To eliminate the fractions, multiply the entire ratio by the LCM of denominators (7, 1, 7), which is 7:
⇒ I1 : I2 : I3 = (3/7 × 7) : (1 × 7) : (9/7 × 7)
⇒ I1 : I2 : I3 = 3 : 7 : 9
∴ The correct answer is 3:7:9.
Additional Information
Partnership Basic Rule
The profit earned in a business is distributed among partners in the ratio of the product of their capital and time duration (Profit = C × T).
Ratio of Capital/Investment
When the profit ratio and time ratio are given, the investment ratio is calculated as (P1/T1) : (P2/T2) : (P3/T3).
Working vs Sleeping Partner
A working partner manages the business and may receive a salary or extra profit share, while a sleeping partner only invests money.