Sign in
Please select an account to continue using cracku.in
↓ →
P started a business by the investing Rs 35000 and Q joined him after one year with an amount of Rs. 21000. After two years from the starting of the business, they earned profit of Rs 26000. What will be the P’s share (in Rs) in the profit?
Amount invested by P = Rs. 35,000 for 2 years
Amount invested by Q = Rs. 21,000 for 1 year
=> Ratio of profit of P:Q = $$(35000\times2):(21000\times1)$$
= $$70:21=10:3$$
Total profit = Rs. 26,000
=> P's share = $$\frac{10}{(10+3)}\times26,000$$
= $$10\times2,000=Rs.$$ $$20,000$$
=> Ans - (C)
Create a FREE account and get:
Start your IIM journey with the right preparation and crack CAT 2026.
Educational materials for CAT preparation