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

    Question

    P and Q together started a business with initial

    investment in the ratio of 1:12, respectively. The time-period of investment for P and Q is in the ratio of 3:7, respectively. Find the profit share of Q, if the profit share of P is Rs. 1000
    A Rs. 28000 Correct Answer Incorrect Answer
    B Rs. 24000 Correct Answer Incorrect Answer
    C Rs. 28500 Correct Answer Incorrect Answer
    D Rs. 28700 Correct Answer Incorrect Answer

    Solution

    Ratio of the profit share of P to Q = (1 × 3): (12 × 7) = 3:84 = 1: 28 Profit share of Q = (28/1) × 1000 = Rs. 28000

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