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

    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.
    A 16 months Correct Answer Incorrect Answer
    B 14 months Correct Answer Incorrect Answer
    C 12 months Correct Answer Incorrect Answer
    D 20 months Correct Answer Incorrect Answer

    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

    Practice Next