New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    P and Q started a business by investing Rs. 24000 and Rs.

    30000, respectively. After 4 months, R also joined them by investing Rs. 36000. If the annual profit received by them is Rs. 1820 then find the profit share of Q.
    A 500 Correct Answer Incorrect Answer
    B 700 Correct Answer Incorrect Answer
    C 650 Correct Answer Incorrect Answer
    D 900 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Respective ratio of the profit share of P, Q and R = (24000 × 12):(30000 × 12):(36000 × 8) = 4:5:4

    Profit share of Q = 1820 × {5/(4 + 5 + 4)} = Rs. 700

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