New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Seeta, Geeta and Reeta invested Rs. 8000, Rs. 10000 and Rs. 12000 respectively. Partnership condition is that, each will get interest on his capital at the rate of 15% per annum and the remaining profit will be divided in the ratio of their capitals. If at the end of the year the total profit is Rs. 5925, then find the share of Reeta on profit?

    A 1975 Correct Answer Incorrect Answer
    B 2050 Correct Answer Incorrect Answer
    C 2370 Correct Answer Incorrect Answer
    D 2125 Correct Answer Incorrect Answer
    E 3175 Correct Answer Incorrect Answer

    Solution

    Interest for Seeta = (8000×15×1)/100 = 1200 Interest for Geeta = (10000×15×1)/100 = 1500 Interest for Reeta = (12000×15×1)/100 = 1800 Total interest of (Seeta + Geeta + Reeta) = (1200+1500+1800) = 4500 Remaining profit = (5925-4500) = 1425 According to the question, (4+5+6) units = 1425 15 units = 1425 1 unit = 95 Share of Reeta in remaining profit = 95 × 6 = 570 Total share of Reeta = 570+1800 = 2370

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