14 Views

Question : P and Q start a shop with a capital of INR 1,50,000 and 4,50,000, respectively. After a year, out of the profit of INR 2,00,000, P gets his share of the profit plus some money as his salary which is not a part of the profit. If P gets a total of INR 90,000, what is the amount of salary (in INR ) that he received?

Option 1: 20,000

Option 2: 25,000

Option 3: 50,000

Option 4: 40,000


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: 40,000


Solution : Investment ratio of P and Q = 150000 : 450000 = 1 : 3
Since investment time is the same for both the person.
So, Profit ratio of P and Q = 1 : 3
Now,
(1 + 3) units = 200000
$\therefore$ 1 unit = 50000
So P gets a profit of INR 50000.
Salary of P = Total received amount – Profit share = 90,000 – 50,000 = INR 40,000
Hence, the correct answer is INR 40,000.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books