Multiple choice

P starts a business with Rs. x and after 5 months, Q joined as a partner. After a year, the profit is divided in the ratio 2 : 3. Find the capital of Q, if Q's capital is 3000 less than three times of capital of P.

  1. 7000

  2. 14000

  3. 16000

  4. 15000

  5. 18000

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Let P's capital = x, Q's capital = 3x - 3000. Profit ratio = (12x) : (7(3x-3000)) = 2:3. Solving: 36x = 14(3x-3000), which gives x = 7000. Q's capital = 3(7000) - 3000 = 18000.