New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    Amit and Shikha initiated a business, with Shikha

    investing Rs. 6,000 more than Amit. After one year, Amit added Rs. 4,000 more to his initial investment, while Shikha withdrew Rs. 16,000 from her initial investment. After an additional 4 months, Shikha withdrew all her remaining investment, while Amit continued until the end of the year. Determine the ratio of Amit's profit share to Shikha's profit share.
    A 2:5 Correct Answer Incorrect Answer
    B 3:2 Correct Answer Incorrect Answer
    C 5:6 Correct Answer Incorrect Answer
    D 6:7 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    We can say that Let, the initial investment of 'Amit' be Rs. 'a'. So, the initial investment of 'Shikha' = Rs. (a + 6000) ATQ, Ratio of profit shares of 'Amit' and 'Shikha' is = {[a × 12 + (a + 4000) × 12]:[(a + 6000) × 12 + (a + 6000 - 16000) × 4]} = {[12 × (a + a + 4000) ]:[4 × (3a + 18000 + a - 10000) ]} = {[3 × (2a + 4000) ]:{(4a + 8000) } = {[6 × (a + 2000) ]:[4 × (a + 2000) ]} = 6:4  = 3:2

    Practice Next

    Relevant for Exams: