Exams › IBPS PO › General Awareness
X started a business with capital of ₹3000, and after four months Y joined the business with capital of ₹(3000 + P). If at the end of the year the ratio of profit shares of X to Y is 9:10, find the value of P (in ₹).
- 1200
- 3000
- 1500
- 2000
Correct answer: 2000
Solution
In partnership, profit shares are proportional to capital × time. So X:Y = 3000×12 : (3000+P)×8 = 9:10. Solving gives 36000 : 8(3000+P) = 9:10, hence 360000 = 72(3000+P), so 3000+P = 5000 and P = 2000.
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