New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Three partners Amit, Binod and Chanda Funded their

    amounts in 4:3:10. At the end of 5 months, Amit withdraws his amount such that total investment of Amit and Binod will be ½ to Chanda’s opening investment. If Binod portion in profit is Rs 1008. What will be the annual profit.
    A 5300 Correct Answer Incorrect Answer
    B 5325 Correct Answer Incorrect Answer
    C 5320 Correct Answer Incorrect Answer
    D 5000 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    Let the ratio of Funded by   Amit , Binod and chanda is given as =  (4:3:10) x 5 After 5 months, therefore ratio will became  - (2:3:10) x 7 Now, the Investment will became=20:15:50 Then,  After 5 months it will be =14:21:70   Total profit=(1008 x 190)/36 = = 191520/36 = 5320

    Practice Next

    Relevant for Exams: