Owner of store C invests ₹ 9 lakh in 2021. What should be the investment of D in the same year to get an income which is double than that of store C?
- AOption (a)
₹51 lakh
- BOption (b)
₹6 lakh
- COption (c)
₹50000
- DOption (d)
₹33 lakh
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Correct answer
₹51 lakh
Why this answer is correct
Given:
Profit of store C in 2021 = ₹21 lakh
Investment of store C in 2021 = ₹9 lakh
Profit of store D in 2021 = ₹9 lakh
We need to find the investment of store D to get an income double that of store C in 2021.
Formula used:
Income = Profit + Investment
Let the required investment of store D be X.
Income of store D = 2 × Income of store C
Income of store C = Profit of C + Investment of C
Calculation:
Income of store C in 2021:
⇒ Income of C = 21 + 9 = ₹30 lakh
Income of store D should be double that of store C:
⇒ Income of D = 2 × 30 = ₹60 lakh
Income of D = Profit of D + Investment of D
⇒ 60 = 9 + X
⇒ X = 60 - 9 = ₹51 lakh
∴ The required investment of store D is ₹51 lakh.