New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    ‘A’ started a business with the investment of Rs.

    12000. After ‘x’ months and after 3 months from starting ‘B’ and ‘C’, respectively, joined the business with the investments of Rs. 18000 and Rs. 20000, respectively. If at the end of the year, the profit share of ‘A’ and ‘B’ is equal then find the value of ‘x’.
    A 3 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 4 Correct Answer Incorrect Answer
    D 1 Correct Answer Incorrect Answer

    Solution

    Profit share ratio of ‘A’, ‘B’ and ‘C’ = (12000 × 12):[18000 × (12 – x)]:(20000 × 9) = 24:3(12 – x):30 Given, the profit share ratio of ‘A’ and ‘B’is equal. So, 24:3(12 – x) = 1:1 8 = (12 – x) x = 12 – 8 = 4 So, the value of x = 4

    Practice Next