New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Puneet and Malik began a business venture, initially

    investing their capital in a 4:5 ratio, respectively. After half a year, Puneet decided to withdraw Rs. 5000 from his investment, and Malik followed suit, withdrawing Rs. 5000 from his own investment. The distribution of annual profits between Puneet and Malik is in a 3:5 ratio. Can you determine the total initial investment made by Puneet and Malik in the business?
    A Rs.9,000 Correct Answer Incorrect Answer
    B Rs.9,500 Correct Answer Incorrect Answer
    C Rs.9,050 Correct Answer Incorrect Answer
    D Rs.9,654 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    We can say that let the amounts invested by Puneet and Malik be Rs. 4p and 5p respectively. According to question, (4p × 6 + (4p – 5000) × 6)/(5p × 6 + (5p – 5000) × 6) = 3/5 (8p – 5000)/(10p – 5000) = 3/5 40p – 25000 = 30p – 15000 10p = 10000 p = 1000 Desired amount = 9 × 1000 = Rs.9,000

    Practice Next

    Relevant for Exams: