New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    'Akash', 'Bishnu', and 'Chintu' formed a partnership

    with investments of Rs. 4800, Rs. 3600, and Rs. 6400, respectively, for durations of 8 months, 1 year 4 months, and 4 months. What percentage more or less is the combined profit of 'Akash' and 'Bishnu' compared to that of 'Chintu'?
    A 275% Correct Answer Incorrect Answer
    B 175% Correct Answer Incorrect Answer
    C 165% Correct Answer Incorrect Answer
    D 225% Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Respective ratio of the profits received by ‘Akash’, ‘Bishnu’ and ‘Chintu’ = (4800 × 8):(3600 × 16):(6400 × 4) = 6:9:4 Therefore, let the profit received by ‘Akash’, ‘Bishnu’ and ‘Chintu’ be Rs. 6p, Rs. 9p and Rs. 4p, respectively So, profit received by ‘Akash’ and ‘Bishnu’, together = (6p + 9p) = Rs. 15p Required % = {(15p – 4p)/4p} × 100 = 275%

    Practice Next

    Relevant for Exams: