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

    Question

    Two partners, 'P' and 'Q,' invested in a business with

    initial amounts of Rs. 4,800 and Rs. 7,200, respectively. 'P' maintained the investment for 15 months, while 'Q' did so for 12 months. If 'P's share of the profit amounted to Rs. 3,500, what was the combined profit earned by both 'P' and 'Q' in the business?
    A Rs. 8000 Correct Answer Incorrect Answer
    B Rs. 8500 Correct Answer Incorrect Answer
    C Rs. 7000 Correct Answer Incorrect Answer
    D Rs. 7700 Correct Answer Incorrect Answer

    Solution

    Ratio of profit shares of 'P' and 'Q' = (4800 X 15):(7200 X 12) = 72000:86400 = 5:6 So, profit share of 'Q' = 3500 X (6/5) = Rs. 4200 And so, total profit of 'P' and 'Q' = 3500 + 4200 = Rs. 7700 Hence, option d.

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