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P invested 60 % more than Q and R invest...

P invested 60 % more than Q and R invested 20 % more than Q. If ratio of time -period `(P:Q:R)` is `2:4:3` and the sum of profit shares of Q and R is Rs. 8550 then find the profit share of P .

A

Rs 3200

B

Rs 4000

C

Rs 2400

D

Rs 3600

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the information given and apply the concepts of ratios and proportions. ### Step 1: Define the investments Let the investment of Q be \( 100x \). Since P invested 60% more than Q, the investment of P will be: \[ P = 100x + 60\% \text{ of } 100x = 100x + 60x = 160x \] R invested 20% more than Q, so the investment of R will be: \[ R = 100x + 20\% \text{ of } 100x = 100x + 20x = 120x \] ### Step 2: Write down the investments Now we have: - Investment of P = \( 160x \) - Investment of Q = \( 100x \) - Investment of R = \( 120x \) ### Step 3: Define the time periods The ratio of time periods for P, Q, and R is given as \( 2:4:3 \). Let the time periods be: - Time period of P = \( 2t \) - Time period of Q = \( 4t \) - Time period of R = \( 3t \) ### Step 4: Calculate the profit shares The profit share is calculated as the product of investment and time period. Thus, the profit shares for P, Q, and R will be: - Profit share of P = \( 160x \times 2t = 320xt \) - Profit share of Q = \( 100x \times 4t = 400xt \) - Profit share of R = \( 120x \times 3t = 360xt \) ### Step 5: Write the profit share ratio The profit share ratio of P:Q:R will be: \[ P:Q:R = 320xt : 400xt : 360xt \] This simplifies to: \[ P:Q:R = 32 : 40 : 36 \] Dividing each term by 4 gives: \[ P:Q:R = 8 : 10 : 9 \] ### Step 6: Calculate the total profit shares The sum of the profit shares of Q and R is given as Rs. 8550. Thus, we can express this as: \[ Q + R = 10u + 9u = 19u = 8550 \] Where \( u \) is the unit profit share. ### Step 7: Find the value of \( u \) To find \( u \): \[ u = \frac{8550}{19} = 450 \] ### Step 8: Calculate the profit share of P Now, we can find the profit share of P: \[ P = 8u = 8 \times 450 = 3600 \] ### Conclusion The profit share of P is Rs. 3600.
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