Practicing Success
P and Q start a shop with a capital of ₹1,50,000 and ₹4,50,000 respectively. After a year, out of the profit of ₹1,60,000, P gets his share of profit plus some money that is not apart of the profit, as his salary. If P gets a total of ₹70,000, what is the salary (in ₹) he received ? |
40,000 30,000 25,000 50,000 |
30,000 |
P = Rs. 1,50,000 Q = Rs. 4,50,000 After a year, out of profit of Rs. 160000 P gets = Rs. 70,000 The ratio of investment of P and Q = Rs. 1,50,000 : Rs. 4,50,000) ⇒ 1 : 3 Let the ratio of investment of P and Q be 1x and 3x respectively ⇒ (1x + 3x) = Rs. 160000 ⇒ 4x = 160000 ⇒ x = Rs. 40000 The share of P = 1x = (1 × 40,000) ⇒ Rs. 40,000 According to the question P gets a total = Rs. 70,000 Now, The amount of salary that P received = Rs. (70,000 – 40,000) ⇒ Rs. 30,000 |