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P owns 2/3 shares of a company and the r...

P owns `2/3 `shares of a company and the rest of the shares is equally divided among Q and R. If the profit on each share increases from 5% to 7%, P earns an extra 800 rupees. The investment of R on the shares is

A

Rs. 20,000

B

Rs. 15,000

C

Rs. 10,000

D

Rs. 40,000

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we can follow these steps: ### Step 1: Define the total shares Let the total shares of the company be represented by \( x \). ### Step 2: Calculate P's shares P owns \( \frac{2}{3} \) of the total shares. Therefore, P's shares can be calculated as: \[ \text{P's shares} = \frac{2}{3} \times x = \frac{2x}{3} \] ### Step 3: Calculate the remaining shares The remaining shares, which are owned by Q and R, can be calculated as: \[ \text{Remaining shares} = x - \frac{2x}{3} = \frac{3x}{3} - \frac{2x}{3} = \frac{x}{3} \] ### Step 4: Divide the remaining shares between Q and R Since the remaining shares are equally divided between Q and R, each will get: \[ \text{Q's shares} = \text{R's shares} = \frac{1}{2} \times \frac{x}{3} = \frac{x}{6} \] ### Step 5: Calculate the profit increase for P The profit on each share increases from 5% to 7%. The extra profit earned by P can be calculated as: \[ \text{Extra profit} = \text{New profit} - \text{Old profit} = 7\% - 5\% = 2\% \] Given that this extra profit amounts to Rs. 800, we can set up the equation: \[ 2\% \text{ of P's shares} = 800 \] ### Step 6: Substitute P's shares into the equation Substituting P's shares into the equation gives: \[ 0.02 \times \frac{2x}{3} = 800 \] ### Step 7: Solve for \( x \) To solve for \( x \), we can rearrange the equation: \[ \frac{2x}{3} \times 0.02 = 800 \] \[ \frac{2x}{3} = \frac{800}{0.02} \] \[ \frac{2x}{3} = 40000 \] Now, multiply both sides by \( \frac{3}{2} \): \[ x = 40000 \times \frac{3}{2} = 60000 \] ### Step 8: Calculate R's investment R's shares are \( \frac{x}{6} \): \[ \text{R's shares} = \frac{60000}{6} = 10000 \] ### Final Answer Thus, R's investment on the shares is Rs. 10,000. ---
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