27 Views

Question : Three partners P, Q, and R invested a total of Rs. 52,000 in a business. At the end of the year, P got Rs. 1,430, Q got Rs. 1,870 and R got Rs. 2,420 as a share of profit. How much amount did Q invest in the business?

Option 1: Rs. 17,000

Option 2: Rs. 20,400

Option 3: Rs. 15,300

Option 4: Rs. 18,700


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Rs. 17,000


Solution : Given: Three partners P, Q, and R invested a total of Rs. 52,000 in a business.
At the end of the year, P got Rs. 1,430, Q got Rs. 1,870 and R got Rs. 2,420 as a share of profit.
The ratio of P, Q, and R's profit = 1430 : 1870 : 2420 = 13 : 17 : 22
The sum of the ratio = 13 + 17 + 22 = 52
The amount Q invests in the business = $\frac{17}{52}\times 52000=$ Rs. 17,000
Hence, the correct answer is Rs. 17,000.

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