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

    Question

    Two friends, P and Q, invested in

    a business. Q's investment was 20% more than P's investment. After a year, Q earned a profit of ₹1800. How much profit did P earn?
    A Rs.1500 Correct Answer Incorrect Answer
    B Rs.1200 Correct Answer Incorrect Answer
    C Rs.1250 Correct Answer Incorrect Answer
    D Rs.1900 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the amount invested by P be Rs. ‘a’. Therefore, amount invested by Q = a + 0.20 × a = Rs. 6a/5 Ratio of the amount invested by P to Q = a:(6a/5) = 5:6 Ratio of the profit share of P to Q after 1 year = 5:6 Profit of Q after one year = Rs. 1800 Therefore, profit of P = 1800 × (5/6) = Rs. 1500

    Practice Next

    Relevant for Exams: