When Amount of Capital Invested is not given
Lets take the example to understand this case.
Example 3.
Amrit and Brij entered into partnership with capitals in the ratio of 4:5. After 3 months, Amrit withdrew 1/4th of his capital and B withdrew 1/5th of his capital. The gain at the end of 10 months was Rs. 760. Find their shares of profits.
Answer -
As the ratio of capitals of Amrit and Brij are given 4 : 5
Let, the capitals of Amrit and Brij be 4x and 5x respectively. Hence, monthly equivalent of investment (MEI) of Amrit
=
Similarly, monthly equivalent of investment of Brij is:
As we know:
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