New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    'A' and 'B' form a partnership with an initial

    investment of Rs. 2400 and Rs. 8a. After 6 months, 'A' takes out Rs. 400 from his original investment, and 'B' adds to it an amount that equals to  of 'A's original investment. Upon the conclusion of a year, if the profit ratio between 'A' and 'B' is 11:9, ascertain the value of 'a'.
    A Rs. 200 Correct Answer Incorrect Answer
    B Rs. 280 Correct Answer Incorrect Answer
    C Rs. 400 Correct Answer Incorrect Answer
    D Rs. 350 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Ratio of profit share of 'A' to that of 'B' = Ratio of profit share of 'A' to that of 'B' = (2400 + 2000) :(8a + 8a + 400) = 4400:(16a + 400) ATQ: {4400/(16a + 400) } = (11/9) Or, 400 X 9 = 16a + 400 Or, 16a = 3600 - 400 Or, a = 200

    Practice Next

    Relevant for Exams: