Let's solve this step-by-step.
Step 1: Set Up the Variables
- Let Q's investment be ₹ X, which was invested for 10 months.
- P invested ₹ (X+14,000) for 8 months.
Step 2: Determine the Shares of Profit
The total profit from the business is ₹ 2,000.
- We are given that P's share is ₹ 1,200.
- Q's share is then ₹ 800 (since 2,000−1,200=800).
Step 3: Set Up the Profit-Sharing Ratio Equation
Since profit is divided in the ratio of each person’s contribution (capital × time), we can set up the following equation:
8×(X+14,000)÷(10×X)=1,200÷800
Step 4: Simplify the Equation
8×(X+14,000)÷(10×X)=3÷2
2×8×(X+14,000)=3×10×X
16X+224,000=30X
Step 5: Solve for X
30X−16X=224,000
14X=224,000
X=16,000
Thus, Q’s investment is ₹ 16,000.
Step 6: Calculate P’s Investment
Since P invested ₹ 14,000 more than Q:
P=X+14,000=16,000+14,000=30,000
The capital contributed by P is ₹ 30,000.