New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    P and Q started a business by investing Rs.5600 and

    Rs.4000 respectively. After 6 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 35% 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 = (5600 x 12) : (4000 x 6 + 6y) = 1:1 So, 67200 = 24000 + 6x => x = 7200 Increase in investment of Q = 7200 – 4000 = Rs.3200 Required % = (3200/4000) x 100 = 80%

    Practice Next