2 friends a and b started a company. ‘A’ invested 20000 on the 1st of April and ‘B’ invested 30000 on the 1st of July. If the profit of the company on 31st of march was 17000 rupees, find b’s share of profit.

Here are some tips for solving partnership problems: When two or more people invest money in a business, they are called partners. If they invest money for the same time, it is called a simple partnership. If they invest money for different times, it is called a compound partnership.  Here are some formulas for partnerships: Simple partnership formula: If two contributors, X and Y, contribute P and Q amounts respectively for a year, then their profit or loss earned at that time will be: X's profit or loss: Y's profit or loss = P : Q Compound partnership formula: X1 : X2 = Y1 × Z1 : Y2 ×... Show more

Here are some tips for solving partnership problems:
When two or more people invest money in a business, they are called partners.
If they invest money for the same time, it is called a simple partnership.
If they invest money for different times, it is called a compound partnership. 

Here are some formulas for partnerships:
Simple partnership formula: If two contributors, X and Y, contribute P and Q amounts respectively for a year, then their profit or loss earned at that time will be: X's profit or loss: Y's profit or loss = P : Q
Compound partnership formula: X1 : X2 = Y1 × Z1 : Y2 × Z2 

A partner's retirement from a partnership is when they withdraw from the partnership with the consent of the other partners or as per the provisions of the partnership deed. A partner who retires is called a retiring partner or outgoing partner.

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