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 us solve the problem step-by-step.
Let the investment of P be Rs.
Let the initial investment of Q be Rs.
P invested Rs 15000 for the entire year (12 months).
Therefore, the equivalent investment of P for 1 month is:
Q invested Rs for the first 4 months.
After 4 months, Q withdrew 40% of his initial investment, which means Q kept of his initial investment for the remaining 8 months of the year.
The remaining investment of Q is:
Therefore, the equivalent investment of Q for 1 month is:
The total profit after a year is Rs 47000.
The profit share of Q is Rs 22000.
Therefore, the profit share of P is:
Rs.
Since the profit sharing ratio is equal to the ratio of their equivalent investments:
Simplifying the profit ratio:
Now, equate the two ratios:
Cross-multiplying:
We need to find the value of '2x':
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