Question

P and Q invested Rs. 700 and Rs. 500 respectively. If the loss incurred after one year is Rs. 132, the loss incurred by A is Rs. 79 and the loss incurred by B is Rs. 55. Is this statement True or False?

• A. True
• B. False
• C. Insufficient Data
• D. Depends on the time the money is invested for

Answer 1

The correct option is B

False

Ratio of investment made by A and B = 700 : 500 = 7 : 5
Part of A's loss = $\frac{7}{12}$
$\therefore$ in Rs. 132, A's loss =$132\times \frac{7}{12}=Rs.77$
Part of B's loss = $\frac{5}{12}$
$\therefore$ in Rs. 132, B's loss =$132\times \frac{5}{12}=Rs.55$
Hence, the above statement is false.