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

    Question

    Pawan and Qureshi jointly started a business with

    initial investments of Rs. 12,000 and Rs. 15,000, respectively. After one year, their profit shares are Rs. (p + 120) and Rs. (p + 250), respectively. What is the total profit earned by both Pawan and Qureshi combined?
    A Rs.2,270 Correct Answer Incorrect Answer
    B Rs.1,070 Correct Answer Incorrect Answer
    C Rs.1,170 Correct Answer Incorrect Answer
    D Rs.1,100 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Ratio of the profits shares of Pawan and Qureshi = 12000: 15000 = 4: 5 According to question: (p + 120)/(p + 250) = 4/5 5p + 600 = 4p + 1000 p = 400 So, the total profit share of Pawan and Qureshi together = 400 + 120 + 400 + 250 = Rs. 1,170

    Practice Next

    Relevant for Exams: