NIFT UG 2015 Question Paper with solutions

Question : 61 of 150

Marks: +1, -0

Rakesh gives ₹140000 to Ramesh for a business. Ramesh spends 1/8 of his profit on rent of shop. If they are left with equal amount, what is investment of Ramesh? what is investment of Ramesh?

₹160000
₹150000
₹170000
₹180000

Validate

Solution:

Let, profit of this business = P and investment of Ramesh is x from question, they are left with equal amount of profit.
So,

\;\;{P×140000}/{x+140000}=\;\;{P×x}/{x+140000}(1-\;\;{1}/{8})

140000=x(\;\;{7}/{8})

∴ Investment

x={140000×8}/7=160000

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