Question

P, Q, and R invest Rs. 14000, Rs. 18000 and Rs. 24000 respectively to start a business. If the profit at the end of the year is Rs. 25480, then what is the difference between the profit share of P and Q?

• A. Rs. 2670
• B. Rs. 3480
• C. Rs. 1820
• D. Rs. 2140

Answer 1

Answer:

C. Rs. 1820

Solution: Given: P invests = Rs. 14000 Q invests = Rs. 18000 R invests = Rs. 24000 Profit = 25480 Concept: The ratio of profit between P, Q and R will be the same as the ratio between the amount invested by them Calculation: P : Q : R = 14000 : 18000 : 24000 ⇒ 7 : 9 : 12 Share of P = (7/28) × 25480 = 6370 Share of Q = (9/28) × 25480 = 8190 ∴ Difference between the share of P and Q = 8190 – 6370 = Rs. 1820