A person A started a business by investing ₹40000. After 3 months another person B joined him by investing ₹50000. After a few months another person C joined them by investing ₹60000. At the end of the year they shared their profits in the ratio \(16:15:14\). When did C join the business?
Show Hint
In partnership questions always use:
\[
\text{Profit Share} \propto \text{Capital} \times \text{Time}.
\]
Never compare capitals alone.
Concept:
In partnership problems, profit sharing ratio is proportional to:
\[
\text{Capital} \times \text{Time}
\]
Step 1: Calculate capital-time products for A and B.
A invested ₹40000 for entire 12 months.
\[
40000 \times 12 = 480000
\]
B joined after 3 months.
Hence B invested for
\[
12-3=9 \text{ months}
\]
\[
50000 \times 9 = 450000
\]
These are proportional to
\[
16:15
\]
which agrees with the given ratio.
Step 2: Determine the investment period of C.
Let C invest for \(t\) months.
\[
60000t
\]
According to the profit ratio,
\[
480000:450000:60000t
=
16:15:14
\]
Using A and C:
\[
480000:60000t
=
16:14
\]
\[
\frac{8}{t}
=
\frac{16}{14}
\]
\[
112=16t
\]
\[
t=7
\]
Thus C invested for 7 months.
Therefore C joined after
\[
12-7=5
\]
months.
\[
\boxed{\text{After 5 months}}
\]