Question
‘P’ invested Rs. 30000 in a business. ‘Q’ joined
after ‘x’ months with an investment of Rs. 10000 less than ‘P’. If the ratio of the profits received by them after 2 years is 3:1, then find the time after which ‘Q’ joined.Solution
Respective ratio of the profits received by ‘P’ and ‘Q’
= (30000 × 24) : {20000 × (24 – x)} = 3/1
Or, 24 – x = 8
Or, x = 16 months
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