New Register for Workshop on How to start for NABARD 2025 (Stepwise Plan) - Apr 26, 7 PM

    Question

    Pihu and Monu started a business with investments of Rs.

    3,840 and Rs. 4,800, respectively. After 9 months, Monu exited the business. Pihu, as the active partner, is entitled to 20% of the total profit, while the remaining profit is distributed between them in proportion to their investments. If Pihu's total earnings at the end of 15 months amount to Rs. 1,150, determine Monu's share of the profit.
    A Rs. 840 Correct Answer Incorrect Answer
    B Rs. 480 Correct Answer Incorrect Answer
    C Rs. 560 Correct Answer Incorrect Answer
    D Rs. 720 Correct Answer Incorrect Answer
    E Rs. 600 Correct Answer Incorrect Answer

    Solution

    Ratio of profit share of Pihu and Monu respectively: = (3,840 X 15) :(4,800 X 9) = 4:3 Let the total profit be Rs. 7p. Profit share of Pihu = 0.2 X 7p + (4/7) X 0.8 X 7p = 1.4p + 3.2p = Rs. 4.6p So, 4.6p = 1,150 Or, 'p' = 250 Therefore, profit share of Monu = 7p - 4.6p = 2.4p = 2.4 X 250 = Rs. 600 

    Practice Next

    Relevant for Exams: