New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    ‘A’, ‘B’ and ‘C’ started a business by

    investing Rs. 1,500, Rs. 1,800 and Rs. 1,200, respectively. After 6 months, ‘B’ decreased his investment by Rs. _____. If the annual profit received from the business is Rs. 82,215, then the profit share of ‘C’ will be Rs. ______. The values given in which of the following options will fill the blanks in the same order in which it is given to make the statement true: I. 300, 22680 II. 600, 23520 III. 900, 24380
    A Only I follows Correct Answer Incorrect Answer
    B Only III and II follows Correct Answer Incorrect Answer
    C Only I and II follows Correct Answer Incorrect Answer
    D Only I and III follows Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    For I: Ratio of the profits received by ‘A’, ‘B’ and ‘C’ = (1500 × 12):{(1800 × 6) + (1500 × 6)}:(1200 × 12) = 10:11:8 Therefore, profit share of ‘C’ = 82215 × (8/29) = Rs. 22,680 Therefore, I is true. For II: Ratio of the profits received by ‘A’, ‘B’ and ‘C’ = (1500 × 12):{(1800 × 6) + (1200 × 6)}:(1200 × 12) = 5:5:4 Therefore, profit share of ‘C’ = 82215 × (4/14) = Rs. 23,520 Therefore, II is true. For III: Ratio of the profits received by ‘A’, ‘B’ and ‘C’ = (1500 × 12):{(1800 × 6) + (900 × 6)}:(1200 × 12) = 10:9:8 Therefore, profit share of ‘C’ = 82215 × (8/27) = Rs. 24,380 Therefore, III is false. Hence, Only I and II follows

    Practice Next