New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    P, Q & R started a business with investment of

    Rs.28000, Rs.16000 & Rs.20000 respectively. After the 6 months P added 25% of his initial investment more and Q withdrew Rs.6000. At the end of the year profit earned by R is Rs.3120, then find the difference between profit share of P and of Q.
    A Rs.1486 Correct Answer Incorrect Answer
    B Rs.2676 Correct Answer Incorrect Answer
    C Rs.2006 Correct Answer Incorrect Answer
    D Rs.2886 Correct Answer Incorrect Answer
    E Rs.2216 Correct Answer Incorrect Answer

    Solution

    Profit sharing ratio of P, Q and R => [28000 × 6 + (28000 × 125/100) × 6] : [16000 × 6 + 10000 × 6] ∶  [20000 × 12] => 378000 ∶  156000 ∶  240000 => 63 ∶  26 ∶  40 Required difference = (3120/40) × (63 − 26) = Rs.2886

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