Given below are three quantities named A, B and C. Based on the given information, determine the relation among the three quantities. P invested Rs. 10000 more than Q in a business, but at the end of the year, they received profit in the ratio 11 ∶ 10, such that P received Rs. 2100 more than Q. R and S also invested in another business in the ratio 1 ∶ 2, but at the end of the year, they received profit in the ratio 6∶ 7, such that R received Rs. 2400 less than S. Quantity A: If P withdrew Rs. 10000 after 6 months of investment, how much money did he initially invested? Quantity B: If S withdrew Rs. 50000 after 4 months of investment, how much money did he initially invested? Quantity C: How much total profit did all four of them earned at the end of the year?
Given below are three quantities named A, B and C. Based on the given information, determine the relation among the three quantities. P invested Rs. 10000 more than Q in a business, but at the end of the year, they received profit in the ratio 11 ∶ 10, such that P received Rs. 2100 more than Q. R and S also invested in another business in the ratio 1 ∶ 2, but at the end of the year, they received profit in the ratio 6∶ 7, such that R received Rs. 2400 less than S. Quantity A: If P withdrew Rs. 10000 after 6 months of investment, how much money did he initially invested? Quantity B: If S withdrew Rs. 50000 after 4 months of investment, how much money did he initially invested? Quantity C: How much total profit did all four of them earned at the end of the year? Correct Answer Quantity A < Quantity B > Quantity C
Solving for Quantity A:
Let Q’s initial investment be Rs. ‘x’
⇒ P’s initial investment = Rs. (x + 10000)
∵ P withdrew Rs. 10000 after 6 months,
⇒ P’s total capital investment = 6(x + 10000) + 6x = 12x + 60000
∵ Ratio of profit = Ratio of capital investment
⇒ 11/10 = (12x + 60000)/12
⇒ 132x = 120x + 600000
⇒ x = 600000/12 = Rs. 50000
⇒ Quantity A = P’s initial investment = 50000 + 10000 = Rs. 60000
Solving for Quantity B:
Let the initial investment of R and S be Rs. ‘y’ and Rs. ‘2y’ respectively
⇒ R’s total capital investment = 12y
∵ S withdrew Rs. 50000 after 4 months,
⇒ S’ total capital investment = (4 × 2y) + 8(2y – 50000) = 24y – 400000
∵ Ratio of profit = Ratio of capital investment
⇒ 6/7 = 12y/(24y – 400000)
⇒ 144y – 2400000 = 84y
⇒ y = 2400000/60 = Rs. 40000
⇒ Quantity B = S’s initial investment = 2y = Rs. 80000
Solving for Quantity C:
Let the profit earned by P and Q be Rs. ‘11u’ and ‘10u’ respectively
⇒ 11u – 10u = Rs. 2100
⇒ u = Rs. 2100
⇒ Total profit earned by P and Q = 11u + 10u = 21u = 21(2100) = Rs. 44100
Let the profit earned by R and S be Rs. ‘6v’ and ‘7v’ respectively
⇒ 7v – 6v = Rs. 2400
⇒ v = Rs. 2400
⇒ Total profit earned by R and S = 6v + 7v = 13v = 13(2400) = Rs. 31200
⇒ Quantity C = Total profit earned by P, Q, R, S = 44100 + 31200 = Rs. 75300
∴ Quantity A < Quantity B > Quantity C