Question Details

P and Q started a business by investing Rs 15000 & Rs (15000 + x) respectively. After four months, Q withdrew 40% of his initial investment. After a year, the total profit was Rs 47000 and the profit share of Q was Rs 22000. Find the value of ‘2x’ .

Options

A

1500

B

2400

C

3000

D

4500

E

6000

Show Answer

Correct Answer :

Option E

6000

6000

Solution :

The correct option is 6000.

Let's break down the solution step-by-step:

Step 1: Define the investments and time periods for P and Q.
P invests Rs 15000 for the entire 12 months (1 year).
The equivalent investment-months for P is:

Equivalent Investment of P=15000×12=180000

Q starts with an initial investment of Rs (15000 + x).
This initial amount remains invested for the first 4 months.
After 4 months, Q withdraws 40% of his initial investment, which means 60% of his initial investment remains for the next 8 months.
Remaining investment for Q = 0.6×(15000+x).
The equivalent investment-months for Q is:

Equivalent Investment of Q=(15000+x)×4+0.6(15000+x)×8

Simplifying the terms:

Equivalent Investment of Q=4(15000+x)+4.8(15000+x)=8.8(15000+x)

Step 2: Determine the ratio of their profits.
The total profit after one year is Rs 47000.
The profit share of Q is Rs 22000.
Therefore, the profit share of P is:

Profit Share of P=47000-22000=25000

The ratio of the profit shares of P and Q is:

Profit of PProfit of Q=2500022000=2522

Step 3: Relate the investment ratio to the profit ratio.
The ratio of profits is equal to the ratio of their equivalent investments:

1800008.8(15000+x)=2522

Cross-multiplying to solve for x:

180000×22=25×8.8×(15000+x)

Since 25×8.8=220, we have:

180000×22=220×(15000+x)

Dividing both sides by 22:

180000=10×(15000+x)

Dividing by 10:

18000=15000+x

Subtracting 15000 from both sides:

x=3000

Step 4: Calculate the value of ‘2x’.
Now, we find the required value of 2x:

2x=2×3000=6000

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