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

    Register

    Question

    Asmita and Bittu jointly started a business, investing

    Rs.2,400 and Rs.3,000, respectively. After 3 months, Chikku joined them with an investment of Rs.1,800. If the total annual profit earned by all of them is Rs.9,000, determine the share of profit received by Bittu.
    A Rs.4,000 Correct Answer Incorrect Answer
    B Rs.4,500 Correct Answer Incorrect Answer
    C Rs.2,632 Correct Answer Incorrect Answer
    D Rs.6,560 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Ratio of profit share of ‘Asmita’, ‘Bittu’ and ‘Chikku’ = (2400 × 12):(3000 × 12):(1800 × 9) = 16:20:9 Therefore, profit share of ‘Bittu’ = [20/(16 + 20 + 9)] × 9000 = Rs. 4,000

    Practice Next