Question
Download Solution PDFThree partners P, Q and R invested a total of Rs. 52,000 in a business. At the end of the year, P got Rs. 1430, Q got Rs. 1870 and R got Rs. 2420 as the share of profit. How much amount did Q invest in the business?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
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. 1430, Q got Rs. 1870 and R got Rs. 2420 as the share of profit.
Concept used:
Their investment is as per their profit ratio.
Calculation:
Their profit ratio is
⇒ 1430 : 1870 : 2420 = 143 : 187 : 242
As per the question,
Value of (143 +187 + 242) unit = 572 unit is 52000
So value of 187 unit is ,
⇒ (52000 / 572) × 187 = Rs 17000
∴ The correct option is 3
Last updated on May 28, 2025
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