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

      β€˜X’ and β€˜Y’ started a business together. The

      amount invested by β€˜X’ is 40% more than that of β€˜Y’, while β€˜Y’ invested his amount for 20% less time than β€˜X’. What is the ratio of the profits earned by β€˜X’ and β€˜Y’ after a year?
      A 5:7 Correct Answer Incorrect Answer
      B 7:4 Correct Answer Incorrect Answer
      C 1:5 Correct Answer Incorrect Answer
      D 9:5 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let the amount invested by β€˜Y’ be Rs. a

      Therefore, amount invested by β€˜X’ = Rs. 1.4a

      Let the time for which β€˜X’ invested be β€˜b’ months

      Therefore, time for which β€˜Y’ invested = 0.8b months

      Ratio of the profits earned = (1.4a Γ— b):(a Γ— 0.8b) = (1.4b):(0.8b) = 14:8 = 7:4

      Practice Next

      Relevant for Exams:

      ask-question