Multiple Choice Questions on Pardeep Kumar Reader publication makes a profit of 9 00 000 20 of which is paid as taxes If the rest........... for Mathematics - All Exams Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    Pardeep Kumar Reader publication makes a profit of 9,00,000, 20% of which is paid as taxes. If the rest is divided among the partners P, Q and R in the ratio 1:(3/2): 2, then the shares of P, Q and R are respectively.

    Rs.2,40,000; Rs. 3,20,000; Rs.1,60,000

    Incorrect Answer

    Rs.3,20,000; Rs.2,40,000; Rs.1,60,000

    Incorrect Answer

    Rs.1,60,000; Rs.23,20,000; Rs.22,40,000

    Incorrect Answer

    Rs.1,60,000; Rs.2,40,000; Rs.3, 20,000

    Correct Answer
    Explanation:

    P : Q : R
    Capital → 1 : 3/2 : 2
    Profit → 2 : 3 : 4
    Note : Profit would be divided in the ration of their capitals.
    Profit = (2x+3x+4x) = 9x units
    According to the question,
    9x = 9,00,000 × 80/100
    9x = 7,20,000
    x = 80,000
    Profit of P = 2x = 2 × 80,000 = Rs. 1,60,000
    Profit of Q = 3x = 3 × 80,000 = Rs. 2,40,000
    Profit of R = 4x = 4 × 80,000 = Rs. 3,20,000


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