Question
Download Solution PDFR and V started a business together. R invested Rs. X, while V invested Rs. 7000. After 5 months, R increased his investment by 50%. Two months later, V reduced his investment by 30%. At the end of 12 months, the total profit was Rs. 3020, out of which R received Rs. 1550 as his share. What was the initial investment made by R?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFCalculation
Let R initial investment = 2x
After, five-month R investment = 2x × [150 /100] = 3x
V investment after seven months = 7000 × 7 /10 = 4900
Profit ratio of R to that of V
= (2x × 5 + 3𝑥 × 7) : (7000 × 7 + 4900 × 5)
= 31x: 73500
ATQ
[31𝑥/73500] = [1550 / (3020 – 1550)]
x = 2500
R initial investment = 2x = Rs 5000
So, X = 5000
Last updated on Jul 3, 2025
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