Question
P and Q started a business by investing Rs.5000 and
Rs.3000 respectively. After 4 months, Q increased his investment by a certain percentage such that at the end of 1 year, the profit shares of P and Q were equal. By how much percentage did Q increased his investment?Solution
Let the increased investment amount of Q = Rs.x Ratio of profit shares of P and Q = (5000 x 12) : (3000 x 4 + 8y) = 1:1 So, 60000 = 12000 + 8x => x = 6000 Increase in investment of Q = 6000 - 3000 = Rs.3000 Required % = (3000/3000) x 100 = 100%
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