Question 9

P started a business by the investing Rs 35000 and Q joined him after one year with an amount of Rs. 21000. After two years from the starting of the business, they earned profit of Rs 26000. What will be the P’s share (in Rs) in the profit?

Solution

Amount invested by P = Rs. 35,000 for 2 years

Amount invested by Q = Rs. 21,000 for 1 year

=> Ratio of profit of P:Q = $$(35000\times2):(21000\times1)$$

= $$70:21=10:3$$

Total profit = Rs. 26,000

=> P's share = $$\frac{10}{(10+3)}\times26,000$$

= $$10\times2,000=Rs.$$ $$20,000$$

=> Ans - (C)

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