New NABARD Grade A 2024 Results out!! Register here for a free live workshop on Feb 26, 2025 at 5 PM. Only on Zoom.

    Question

    Karim invested Rs. 20,000 in a business whereas Neel

    invested 50% more than the amount invested by Karim. If the ratio of time period of investments of Karim to that of Neel is 2:4 and the profit earned from the business is Rs. 4,000, then find the difference between their profit shares.
    A Rs.2000 Correct Answer Incorrect Answer
    B Rs.2500 Correct Answer Incorrect Answer
    C Rs.1000 Correct Answer Incorrect Answer
    D Rs.2750 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let the time period of investment by Karim and Neel be '2x' years and '4x' years, respectively. Sum invested by Neel = 1.50×20,000=Rs.30,000 ATQ, Ratio of profit of Karim to that of Neel = (20,000×2x):(30,000×4x)= 40,000x : 120,000x = 1:3 So, required difference = (3-1/3+1) × 4,000 = Rs.2,000

    Practice Next

    Relevant for Exams: