πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Harvey, Mike, and Donna started a business together,

      with the ratio of Harvey's investment to Mike's being 5: x, and the ratio of Mike's investment to Donna's being 7:8. After 3 years, Donna's share of the total profit of Rs. 19,000 is Rs. 6,400. Determine the value of x.
      A 3 Correct Answer Incorrect Answer
      B 4 Correct Answer Incorrect Answer
      C 6 Correct Answer Incorrect Answer
      D 5 Correct Answer Incorrect Answer
      E 7 Correct Answer Incorrect Answer

      Solution

      Ratio of investments: Harvey: Mike = 5: x Mike: Donna = 7: 8 Harvey: Mike: Donna = 35: 7x: 8x According to question, 8x/(35 + 7x + 8x) = 6400/19000 8x/(35 + 15x) = 32/95 760x = 32Γ—35 + 32Γ—15x 760x – 480x = 1120 280x = 1120 x = 112Γ·28 = 4

      Practice Next
      More Partnership Questions
      ask-question