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

    Question

    P and Q started a business by investing Rs.8000 and

    Rs.6400 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 20% 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 = (8000 x 12) : (6400 x 6 + 6y) = 1:1 So, 96000 = 38400 + 6x => x = 9600 Increase in investment of Q = 9600 – 6400 = Rs.3200 Required % = (3200/6400) x 100 = 50%

    Practice Next

    Relevant for Exams: