Question
Mathematics Question on Profit and Loss
Rahul started a business with a capital of Rs 8,000. After six months, Sanjay joined him with an investment of some capital. If at the end of the year each of them gets equal amount as profit, how much did Sanjay invest in the business?
A
Rs 16,000
B
Rs 17,500
C
Rs 18,000
D
Rs 16,500
Answer
Rs 16,000
Explanation
Solution
Let,
the investment made by Sanjay be Rupees x
Now,
\Rightarrow\;$$\text{Rahul capital} \times \text{Number of months invested = Sanjay capital} \times \text{Number of months invested}
\Rightarrow\;$$8000\times12 = x\times6 (since Sanjay joined after 6 months)
⇒x= Rs. 16000
The correct option is (A): Rs 16,000