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P and Q entered into a partnership with initial investments of Rs. Y and Rs. Z respectively. After 18 months they both added some amount to their initial investments such that the investmentof P for the rest ofperiod is twice that of Qafter added. Profit share of P is 17220 out of total profit of Rs. 28290 after three years. If Z is 50% more than that of Y, find by what % ofQ increased his investment after 18 months?
  • a)
    200%
  • b)
    50%
  • c)
    100%
  • d)
    400%
  • e)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
P and Q entered into a partnership with initial investments of Rs. Y ...
Let initial investment of P = 2a
So, initial investment of Q = 3a
Let investment of Q after 18 months = b
So, investment of P after 18 months = 2 x b = 2b
Now,
Ratio of profit share of P and Q = (2a x 1 + 2b x 1): (3a x 1 + b x 1) = (2a + 2b): (3a + b)
(2a + 2b)/ (2a + 2b + 3a + b) = 17220/28290
(2a + 2b) / (5a + 3b) = 14/23
23a + 23b = 35a + 21b
2b = 12a
So, value of b = 6a
Required % change = (6a – 3a)/3a x 100 = 100%
Hence, answer is option C
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Community Answer
P and Q entered into a partnership with initial investments of Rs. Y ...
Given Information:
- Initial investments of P and Q are Rs. Y and Rs. Z respectively.
- After 18 months, both P and Q added some amount to their initial investments.
- The investment of P for the rest of the period is twice that of Q after the addition.
- Profit share of P is Rs. 17220 out of the total profit of Rs. 28290 after three years.
- Z is 50% more than Y.

To find: By what percentage did Q increase his investment after 18 months?

Let's solve this step by step:

Step 1: Calculate the initial investments of P and Q
- Given that Z is 50% more than Y, we can write Z = Y + (50/100)Y = 1.5Y
- Therefore, the initial investments are Y and 1.5Y for P and Q respectively.

Step 2: Calculate the profit share of P and Q
- The profit share of P is Rs. 17220 out of the total profit of Rs. 28290.
- This means the profit share of Q is Rs. 28290 - Rs. 17220 = Rs. 11070.

Step 3: Calculate the ratio of investments after 18 months
- Let the additional amount invested by P and Q after 18 months be A and B respectively.
- According to the given condition, the investment of P for the rest of the period is twice that of Q.
- Therefore, (Y + A) / (1.5Y + B) = 2.

Step 4: Calculate the values of A and B
- Multiply both sides of the equation by (1.5Y + B) to eliminate the denominator.
- This gives us Y + A = 2(1.5Y + B).
- Simplifying, we get Y + A = 3Y + 2B.
- Rearranging the equation, we have A - 2B = 2Y.

Step 5: Calculate the investment ratio after 18 months
- Divide the profit share of P by the profit share of Q to get the investment ratio.
- (Y + A) / (1.5Y + B) = 17220 / 11070.
- Substitute the value of A - 2B from Step 4 into this equation.
- This gives us 2Y / (1.5Y + B) = 17220 / 11070.

Step 6: Calculate the value of B
- Cross multiply and solve the equation to get B.
- 2Y * 11070 = 17220 * (1.5Y + B).
- Simplifying, we get 22140Y = 17220 * 1.5Y + 17220B.
- 22140Y - 25830Y = 17220B.
- -3680Y = 17220B.
- B = -3680Y / 17220.

Step 7: Calculate the percentage increase in Q's investment
- To find the percentage increase, we need to compare the additional investment by Q with his initial investment.
- Percentage Increase = (B / 1.5Y) * 100.
- Substitute the value of B from Step 6 into this equation.
- Percentage Increase = (-3680Y / 17220) / (1
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P and Q entered into a partnership with initial investments of Rs. Y and Rs. Z respectively. After 18 months they both added some amount to their initial investments such that the investmentof P for the rest ofperiod is twice that of Qafter added. Profit share of P is 17220 out of total profit of Rs. 28290 after three years. If Z is 50% more than that of Y, find by what % ofQ increased his investment after 18 months?a)200%b)50%c)100%d)400%e)None of theseCorrect answer is option 'C'. Can you explain this answer?
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P and Q entered into a partnership with initial investments of Rs. Y and Rs. Z respectively. After 18 months they both added some amount to their initial investments such that the investmentof P for the rest ofperiod is twice that of Qafter added. Profit share of P is 17220 out of total profit of Rs. 28290 after three years. If Z is 50% more than that of Y, find by what % ofQ increased his investment after 18 months?a)200%b)50%c)100%d)400%e)None of theseCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about P and Q entered into a partnership with initial investments of Rs. Y and Rs. Z respectively. After 18 months they both added some amount to their initial investments such that the investmentof P for the rest ofperiod is twice that of Qafter added. Profit share of P is 17220 out of total profit of Rs. 28290 after three years. If Z is 50% more than that of Y, find by what % ofQ increased his investment after 18 months?a)200%b)50%c)100%d)400%e)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for P and Q entered into a partnership with initial investments of Rs. Y and Rs. Z respectively. After 18 months they both added some amount to their initial investments such that the investmentof P for the rest ofperiod is twice that of Qafter added. Profit share of P is 17220 out of total profit of Rs. 28290 after three years. If Z is 50% more than that of Y, find by what % ofQ increased his investment after 18 months?a)200%b)50%c)100%d)400%e)None of theseCorrect answer is option 'C'. Can you explain this answer?.
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