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Read the information carefully and answer the questions given below. X and Y invested Rs. 8000 and Rs 12000 respectively in a business. After six

Reading Comprehension

Read the information carefully and answer the questions given below.
X and Y invested Rs. 8000 and Rs 12000 respectively in a business. After six months, Y left the business and X reduced his initial investment by Rs P.

1) Question

At the end of a year, the profit of X is 25% more than Y, then find the value of P.

A.

2500

B.

2000

C.

1500

D.

500

E.

1000

Correct option is E


Profit sharing ratio of X to Y = 8000×6+(8000-P)×6 : 12000×6
= 96000 – 6P : 72000
= 16000 - P : 12000


2) Question

If the ratio of the profit share of Y to X is 12 : 13, then find the value of P+500.

A.

3500

B.

2500

C.

1200

D.

3000

E.

2000

Correct option is A


Profit sharing ratio of X to Y = 8000×6+(8000-P)×6 : 12000×6
= 96000 – 6P : 72000
= 16000 - P : 12000

3) Question

At the end of a year, the profit share of X is Rs 700 out of total profit of Rs 1500, then find the value P/2.

A.

3550

B.

2550

C.

1250

D.

3250

E.

2750

Correct option is E


Profit sharing ratio of X to Y = 8000×6+(8000-P)×6 : 12000×6
= 96000 – 6P : 72000
= 16000 - P : 12000

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