Multiple choice

Directions: Study the following information carefully and answer the question that follows. In a business, three partners P, Q and R respectively invest Rs. 18,000, Rs. 16,000 and Rs. 10,000 as capitals. P and Q respectively receive 14% and 10% of the annual profits for services, and the remaining profits are divided among the three in proportion to their capitals. At the end of the year, P receives altogether Rs. 848 more than Q. Out of the shares P, Q and R received from the profit they have respectively invested 50%, 60% and 100% of the amount into another joint venture, which gives them a guarantee of 75% profit at the end of the year. How much amount would R receive at the end of the year as the share of the profit from this venture?

  1. Rs. 1250.89

  2. Rs. 1208.57

  3. Rs. 2359.60

  4. Rs. 1308.34

  5. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer