New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    P and Q together started a business with initial investment in the ratio of 1:8, respectively. The time-period of investment for P and Q is in the ratio of 4:15, respectively. Find the profit share of Q, if the profit share of P is Rs. 2000

    A Rs. 60000 Correct Answer Incorrect Answer
    B Rs. 65000 Correct Answer Incorrect Answer
    C Rs. 67000 Correct Answer Incorrect Answer
    D Rs. 68000 Correct Answer Incorrect Answer

    Solution

    Ratio of the profit share of P to Q = (1 × 4): (8 × 15) = 4:120 = 1:30  Profit share of Q = (30/1) × 2000 = Rs. 60000

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