TS ICET 2017 Question Paper with Solutions for online practice

Question : 95 of 200

Marks: +1, -0

A person P stalled a business. After 6 month another person Q joined him with one-third of P's investment as his investment. If ₹ 50,000 is the share of Q in the year end profit, then the total profit (in lakhs of rupees) is

Validate

Solution:

Let P’s investment be ₹x

	P	Q
Capital	x	x/3
Time(months)	12	6
Equivalent Capital	12x	2x
	6:	1

Profit is distributed in the ratio of equivalent capitals.
1 unit = 50,000
Total profit

=6+1=7\units=₹7×50000

=₹3.5

lakhs.

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