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

    Question

    ‘M’, ‘N’, and ‘O’ initiated a partnership

    with investments of Rs. 22000, Rs. 18000, and Rs. 26000, respectively. A stipulation was that q% of the overall profit would be allocated for R&D, and the balance would be divided based on their investments. Assuming the profit for the year was Rs. 66000 and ‘N’ got Rs. 15000, determine ‘q’.
    A 18 Correct Answer Incorrect Answer
    B 25 Correct Answer Incorrect Answer
    C 10 Correct Answer Incorrect Answer
    D 50 Correct Answer Incorrect Answer

    Solution

    Investments ratio of ‘M’, ‘N’, and ‘O’ = 22000:18000:26000 = 11:9:13. Amount for division = Rs. {66000 × (100 - q)/100}. So, {66000 × (100 - q)/100} × 9/33 = 15000, 100 – q = 15000 × 100 × 33/9 × 1/66000, 100 – q = 90, q = 10.

    Practice Next

    Relevant for Exams: