Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

P, Q and R are partners in a business. P receives $\frac{3}{5}$ of total profit while Q and R share the remaining profit equally. P's profit is increased by ₹1,800 when the rate of profit is increased from 10% to 13% in a year. Then R's share in total profit is:

Options:

₹2,000

₹3,600

₹2,400

₹2,600

Correct Answer:

₹2,000

Explanation:

The correct answer is Option (1) → ₹2,000