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’ .
Correct Answer :
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:
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 = .
The equivalent investment-months for Q is:
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:
Step 3: Relate the investment ratio to the profit ratio.
The ratio of profits is equal to the ratio of their equivalent investments:
Step 4: Calculate the value of ‘2x’.
Now, we find the required value of 2x:
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