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M, N and O started a business with capital ₹ 10000, ₹ 12000 and ₹ 15000 respectively. At the end of 1 year the loss share is ₹ 74000, what is the loss share of M?1. ₹ 200002. ₹ 250003. ₹ 150004. ₹ 300005. ₹ 12000 |
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Answer» Correct Answer - Option 1 : ₹ 20000 Given: Investment of M = ₹ 10000 Investment of N = ₹ 12000 Investment of O = ₹ 15000 Time of investment = 1 year Concept used: Loss = Investment × Time period Calculation: Loss ratio = 10000 : 12000 : 15000 ⇒ Loss ratio = 10 : 12 : 15 Total Loss = (10 + 12 + 15) = 74000 ⇒ 37 = 74000 Loss share of M = (74000/37) × 10 ⇒ 20000 ∴ The loss share of M is ₹ 20000. |
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