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P invested ₹15,000 in a business and after seven months, Q joined him with a certain amount. At the end of a year, the ratio of profit shares of P and Q is 3:1. Find the amount invested by Q (in ₹).
- 18000
- 10000
- 12000
- 9000
Correct answer: 12000
Solution
Profit is divided in the ratio of capital multiplied by time. P’s contribution is 15000 × 12 and Q’s contribution is x × 5. Given the ratio 3:1, we get 15000 × 12 : 5x = 3 : 1, which gives x = 12000.
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