A group of partners has come together to invest in a new development project. The partners are named Mark, Olivia, Ryan, Sophie, and Taylor. Mark started the investments with an initial amount that is 15% less than the investment contributed by Taylor. Taylor invested Rs. 20,000 at the outset of the project. Olivia then decided to invest 60% of the combined amount invested by Mark and Taylor. Ryan contributed Rs. 1,490 less than Olivia's investment. After 5 months, Sophie joined the venture and invested an amount equal to the average of the investments made by Mark, Olivia, and Ryan. The partners eventually shared the project's profit based on their investment amounts. The total profit generated by the project after 10 months was Rs. 87,000. What is the approximate difference between the profits earned by Mark and Olivia?
Reveal answer
Fill a bubble to check yourself
Keep practicing — related questions
- A teachers tries to involve her students in many group based activities such as group discussion, group pro...
- Arihant class submarines, India's first indigenously developed nuclear capable submarines, were built under...
- In which of the following modes, the project is developed in a familiar and stable environment, and the pro...
- The process of the formation of different genotype in a new settlement, when a small group of population fo...
- class Test { private Demo d; void start() { d = new Demo(); this.takeDemo(d); /* Line 7 */ } /* Line 8 */ v...
- What will be the output of the program? class Test { public static void main(String [] args) { Test p = new...
- What will be the output of the program? class SC2 { public static void main(String [] args) { SC2 s = new S...
- Directions: The given question carries four options. You are to mark the correct option after checking the ...