P and Q start a cafe with a capital Rs.20,000 and Rs.40,000 respectively.After a year, out of the profit of Rs.15000, P gets his share of profit plus some money as his salary.In total if P gets Rs.7000,what is the salary amount he received?Rs.2000Rs.5000Rs.2500Rs.7500
Question
P and Q start a cafe with a capital Rs.20,000 and Rs.40,000 respectively.After a year, out of the profit of Rs.15000, P gets his share of profit plus some money as his salary.In total if P gets Rs.7000,what is the salary amount he received?Rs.2000Rs.5000Rs.2500Rs.7500
Solution
The profit is divided in the ratio of their investments.
The ratio of P and Q's investments is 20000:40000, which simplifies to 1:2.
So, out of the total profit of Rs.15000, P's share of the profit would be 1/3 (because 1 is his share and 1+2=3 is the total share) of Rs.15000, which is Rs.5000.
If P gets a total of Rs.7000, and we know Rs.5000 of this is his share of the profit, then the remaining Rs.2000 must be his salary.
So, the salary amount he received is Rs.2000.
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