A and B entered into a partnership with an investment of Rs.15000 and Rs.X respectively. After 5 months, B withdrew Rs.8000 from his investment and the ratio of A’s profit to B’s profit at the end of the year is 9: 8. Find the value of ‘X’.
a) 24000
b) 16000
c) 20000
d) 14000
e) 18000
Sol:
From the question:
(15000 * 12)/[X * 5 + (X – 8000) * 7] = 9/8
180000/(5x + 7x – 56000) = 9/8
160000 = 12x – 56000
X = 18000
