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Question
Virat and Samrat together invested 50000 and 120000 rupees to start a business. They suffered a loss of 20%. How much loss did each of them incur?
Solution
The proportion of Virat's and Samrat’s investment is given by 50000:120000 = 5:12
The loss is shared in the same proportion as the investment, hence, the proportion of loss is 5:12.
Now, Loss = `20/100xx(50000+120000)`
= `20/100xx(170000)`
= 34000 rupees
Therefore, the loss incurred by Virat and Samrat is given by
Virat's loss = `5/17xx34000`
= 10000 rupees
Samrat's loss = `12/17xx34000`
= 24000 rupees
Hence, Virat and Samrat incurred the loss of 10000 and 24000 rupees respectively.
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