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

Solution :

The correct option is 6000.

Let us solve the problem step-by-step.
Let the investment of P be IP=15000 Rs.
Let the initial investment of Q be IQ=15000+x Rs.

P invested Rs 15000 for the entire year (12 months).
Therefore, the equivalent investment of P for 1 month is:
EP=15000×12=180000

Q invested Rs (15000+x) for the first 4 months.
After 4 months, Q withdrew 40% of his initial investment, which means Q kept 100%-40%=60% of his initial investment for the remaining 8 months of the year.
The remaining investment of Q is:
0.60×(15000+x)=9000+0.6x

Therefore, the equivalent investment of Q for 1 month is:
EQ=(15000+x)×4+(9000+0.6x)×8
EQ=60000+4x+72000+4.8x
EQ=132000+8.8x

The total profit after a year is Rs 47000.
The profit share of Q is Rs 22000.
Therefore, the profit share of P is:
Profit of P=47000-22000=25000 Rs.

Since the profit sharing ratio is equal to the ratio of their equivalent investments:
EPEQ=Profit of PProfit of Q
180000132000+8.8x=2500022000

Simplifying the profit ratio:
2500022000=2522

Now, equate the two ratios:
180000132000+8.8x=2522
Cross-multiplying:
25×(132000+8.8x)=22×180000
3300000+220x=3960000
220x=3960000-3300000
220x=660000
x=660000220
x=3000

We need to find the value of '2x':
2x=2×3000=6000

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