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    Question

    β€˜M’ and β€˜N’ started a business by investing Rs.

    β€˜x’ and Rs. β€˜x – 500’ respectively. If the total annual profit is Rs. 60,000 and β€˜M’ received Rs. 36,000, then find the initial investment made by β€˜N’.
    A Rs.2500 Correct Answer Incorrect Answer
    B Rs.1000 Correct Answer Incorrect Answer
    C Rs.1325 Correct Answer Incorrect Answer
    D Rs.1200 Correct Answer Incorrect Answer

    Solution

    ATQ, Ratio of profit share of β€˜M’ and β€˜N’ respectively = {(x Γ— 12):(x – 500) Γ— 12} = (12x):(12x – 6000) ATQ; {12x/(24x – 6000)} = (36000/60000) Or, 12x/(24x – 6000) = 3/5 Cross-multiplying: 5 Γ— 12x = 3 Γ— (24x – 6000) 60x = 72x – 18000 18000 = 12x x = 1500 Initial investment made by β€˜N’ = 1500 – 500 = Rs. 1000

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