In the following question, two statements are numbered as A and B. On solving these statements we get quantities A and B respectively. Solve for the both quantities and choose the correct option. Quantity A: P and Q invested money in a business, such that P invested Rs. 10000 more than Q. After 6 months, if they received their profits in the ratio 5 ∶ 3, how much money did P invested? Quantity B: X and Y invested money in a business in the ratio 5 ∶ 6. If after 2 years, X received a profit of Rs. 20000, how much profit did Y received?
In the following question, two statements are numbered as A and B. On solving these statements we get quantities A and B respectively. Solve for the both quantities and choose the correct option. Quantity A: P and Q invested money in a business, such that P invested Rs. 10000 more than Q. After 6 months, if they received their profits in the ratio 5 ∶ 3, how much money did P invested? Quantity B: X and Y invested money in a business in the ratio 5 ∶ 6. If after 2 years, X received a profit of Rs. 20000, how much profit did Y received? Correct Answer Quantity A > Quantity B
Solving for Quantity A:
Let P’s initial investment be Rs. ‘x’
⇒ Q’s initial investment = Rs. (10000 – x)
Now,
P’s total capital investment = 6x
Q’s total capital investment = 6(x – 10000)
But,
Ratio of profits = Ratio of total capital investments
⇒ 5/3 = 6x/6(x – 10000)
⇒ 5(x – 10000) = 3x
⇒ 5x – 50000 = 3x
⇒ 2x = 50000
⇒ x = 50000/2 = Rs. 25000
⇒ Quantity A = Rs. 25000
Solving for Quantity B:
Let the initial investment of P and Q be Rs. ‘5x’ and Rs. ‘6x’ respectively
P’s total capital investment = 24 × 5x = 120x
Q’s total capital investment = 24 × 6x = 144x
But, Ratio of profits = Ratio of total capital investments
⇒ 20000/Y’s profit = 120x/144x
⇒ Y’s profit = 20000 × 6/5 = Rs. 24000
⇒ Quantity B = Rs. 24000
∴ Quantity A > Quantity B