New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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?
    A 80% Correct Answer Incorrect Answer
    B 100% Correct Answer Incorrect Answer
    C 50% Correct Answer Incorrect Answer
    D 60% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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%

    Practice Next

    Relevant for Exams: