Question

    P and Q started a business by investing in the ratio 2:3, respectively. Six months later, R joined them by investing Rs. 60,000. If at the end of the year, the profits were divided among P, Q, and R in the ratio 2:3:5, respectively, then find the amount invested by P.

    A Rs.50,000 Correct Answer Incorrect Answer
    B Rs.70,500 Correct Answer Incorrect Answer
    C Rs.60,000 Correct Answer Incorrect Answer
    D Rs.70,000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the sum invested by P and Q be Rs. '2x' and Rs. '3x', respectively. Ratio of profit shares of P, Q, and R, respectively, at the end of the year: = (2x X 12) : (3x X 12) : (60000 X 6) = 2x : 3x : 360000 ATQ: (2x / 360000) = (2 / 5) Or, x = 30000 So, sum invested by P = Rs. '2x' = 2 X 30000 = Rs. 60,000

    Practice Next

    Relevant for Exams: