GATE CE 2022 Set 1 — Question 7
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General Aptitude → Quantitative Aptitude → Partnership
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Question
P invested ₹ 5000 per month for 6 months of a year and Q invested ₹ per month for 8 months of the year in a partnership business. The profit is shared in proportion to the total investment made in that year.If at the end of that investment year, Q receives of the total profit, what is the value of (in ₹)?
Correct answer
(B) 3000
Solution
Total investment of P = .
Total investment of Q = .
The profit is shared in proportion to the total investment.
Profit share of Q = .
Given that Q receives of the total profit:Therefore, the value of is ₹ 3000.
Total investment of Q = .
The profit is shared in proportion to the total investment.
Profit share of Q = .
Given that Q receives of the total profit:Therefore, the value of is ₹ 3000.
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