New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Ankush and Binny began a business

    where Ankush contributed 75% of the total capital. Four months later, Chintu joined the business, and at that point, Ankush's contribution became 50% of the total capital invested by all three partners. If Chintu’s share of the total profit at the end of the year is Rs. 6000, calculate the combined profit share of Ankush and Binny.
    A Rs.18000 Correct Answer Incorrect Answer
    B Rs.18500 Correct Answer Incorrect Answer
    C Rs.12050 Correct Answer Incorrect Answer
    D Rs.10000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Let, the sum invested by ‘Ankush’ and ‘Binny’ together be 4s Therefore, sum invested by ‘Ankush’ = 0.75 × 4s = Rs. 3s Sum invested by ‘Binny’ = Rs. s Total sum invested by ‘Ankush’, ‘Binny’ and ‘Chintu’ = 3s/0.5 = Rs. 6s Therefore, sum invested by ‘Chintu’ = 6s – 3s – s = Rs. 2s Ratio of profit received by ‘Ankush’, ‘Binny’ and ‘Chintu’ = (3s × 12):(s × 12):(2s × 8) = 9:3:4 Therefore, profit share of ‘Ankush’ and ‘Binny’, together = 6000 × (12/4) = Rs.18000

    Practice Next

    Relevant for Exams: