Exams › IBPS PO › General Awareness
P and Q invested ₹16,000 and ₹20,000 respectively in a business. After x months, R joined them with ₹24,000, while Q left x months before the end of the year. They decide to split the profits at the end of the year. If their profit-sharing ratio is 48:35:42, what is the value of x?
- 5
- 4
- 7
- 8
Correct answer: 5
Solution
Profit shares are proportional to capital multiplied by time. So P:Q:R = 16000×12 : 20000×(12−x) : 24000×(12−x) = 48:35:42. Solving the ratio gives x = 5.
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