top button
Flag Notify
    Connect to us
      Site Registration

Site Registration

P and q enter into joint venture and purchase an old house for $250,000. Each one of them contributing $125,000...

0 votes
348 views

P and Q enter into joint venture and purchase an old house for $250,000. Each one of them contributing $125,000. For an agreed fee of $8000 P is to manage the disposal for the property. P pays 5000 for demolishing the house. The material house was sold for 15000$ by phone and incurred expenses 3500$. The whole land was sold by people eventually for $380,000.
If P and Q shares profit equally then what is the profit?

posted Jan 26, 2019 by Pruthvi Vekaria

Share this puzzle
Facebook Share Button Twitter Share Button LinkedIn Share Button

1 Answer

0 votes

P and Q spent:
$ 250000+ $5000+$3500=$258500 (they agreed to spend $8000 but spent $5000 and additional expense of $3500)
They received:
$15000+$380000=$395000
The difference is the profit:
$395000-$258500=$136500
Each of them got $136500/2=$68250

answer Feb 1, 2019 by Hanifa Mammadov



Similar Puzzles
0 votes

L, M, N enter into a partnership work with L receives Rs. 54000.
If out of a total profit of Rs. 4500.
L gets Rs. 1500 and M gets Rs. 2100 and N gets Rs. 900.
What is the capital of M?

0 votes

Neeraj buys an old piano for Rs. 6800 and spends Rs. 1200 to repair it.
If he sells the piano for Rs. 8600, what is his gain percentage?

0 votes

Rohan buys an old bike for Rs. 13500 and spends Rs. 4250 on its repairs.
If he sells the bike for Rs. 27000, what is his gain in percent?

+1 vote

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400.
Calculate the share of B in the profit?

...