InterviewSolution
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P and Q enter in to a partnership with P investing Rs. 20,000 and Q investing a certain amount. At the end of first 4 months P withdraws Rs. 4000, and Rs. 6000 at the end of another 5 months. Q remains in the business till the end with the initial investment and receives Rs. 19200 as profit at the end of the year. The total profit at the end of the year is Rs. 38,200. Find the investment of Q.1). Rs. 80002). Rs. 120003). Rs. 160004). Rs. 18000 |
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Answer» <P>GIVEN the total profit at the end of the year is 38200 Profit received by Q at the end of the year = Rs. 19200 Profit amount received by P at the end of the year = Rs. (38200 - 19200) ⇒ Rs.19000 Ratio of their profits (P : Q) = 19000 : 19200 ⇒ 190 : 192 ⇒ 95 : 96 P’s investment = (Rs. 20000 for 4 MONTHS) + (20000 - 4000) for 5 months + (20000 - 4000 - 6000) for 3 months ⇒ (20000 × 4) + (16000 × 5) + (10000 × 3) ⇒ 80000 + 80000 + 30000 ⇒ Rs. 190000 Let Q’s investment = ‘X’ Both P and Q invested the amount for a year, so the ratio of their profits will be equal to the ratio of the investments ⇒ 95 : 96 = 190000 : X ⇒ X = (190000 × 96)/95 ⇒ X = 2000 × 96 ⇒ X = Rs. 192000 Q’s Investment = Rs. 192000 If this was Q’s investment over the months, he might have invested 192000/12 = Rs. 16000 ∴ B’s investment = Rs. 16000 |
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