Two friends P & Q started a business investing amounts in the ratio of 5: 6....
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Two friends P & Q started a business investing amounts in the ratio of 5: 6. R joined them after seven months investing an amount equal to that of Q's amount. At the end of the year 23% profit was earned which was equal to Rs. 98,578. What was the approximate amount invested by R? 1. Rs. 75,460 2. Rs. 79,370 3. Rs. 75, 000 4. Data inadequate 5. None of these Two friends P & Q started a business investing amounts in the ratio of 5: 6. R joined them after seven months investing an amount equal to that of Q's amount. At the end of the year 23% profit was earned which was equal to Rs. 98,578. What was the approximate amount invested by R? 1. Rs. 75,460 2. Rs. 79,370 3. Rs. 75, 000 4. Data inadequate 5. None of these
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Solution 2 Let P invests Rs 5x and Q invests Rs 6x for 2 months Rjoins them with an amou... View the full answer
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date:
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