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      Question

      P and Q started a venture by investing Rs. 7000 and Rs.

      5000 respectively. After 6 months, R joined with an investment equal to the average of P and Q. Meanwhile, P took out 30% of his capital. At the end of the year, they made a total profit of Rs. 21420. Find the share of profit earned by R.
      A Rs.4600 Correct Answer Incorrect Answer
      B Rs.5028 Correct Answer Incorrect Answer
      C Rs.3028 Correct Answer Incorrect Answer
      D Rs.4017 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      Investment of R = (7000 + 5000)/2 = Rs. 6000

      Ratio of investment:

      P : Q : R = 7000 : 5000 : 6000 = 7 : 5 : 6

      Ratio of profit share:

      P : Q : R = (7 ร— 6 + 4.9 ร— 6) : (5 ร— 12) : (6 ร— 6)

      = (42 + 29.4) : 60 : 36

      = 71.4 : 60 : 36

      Multiply all by 10 to remove decimal:

      = 714 : 600 : 360

      Simplify by dividing by 6:

      = 119 : 100 : 60

      Therefore, profit share of R = [60 / (119 + 100 + 60)] ร— 21420 = (60 / 279) ร— 21420 = Rs. 4600

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