New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    X and Y started a business with capital investments of

    Rs.5000 and Rs.4000 respectively. After 6 months, X left the business. Y increased his capital by 50% and Z joined with Rs.7000. If the total annual profit was Rs.18300, what will be Z's share of the profit?
    A Rs.5825 Correct Answer Incorrect Answer
    B Rs.5667 Correct Answer Incorrect Answer
    C Rs.3588 Correct Answer Incorrect Answer
    D Rs.6643 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Profit ratio of X, Y and Z =

    = (5000 × 6) : [(4000 × 6) + (6000 × 6)] : (7000 × 6)

    = 30000 : (24000 + 36000) : 42000

    = 30000 : 60000 : 42000

    = 5 : 10 : 7

    Z’s profit share =

    = 18300 × 7 / (5 + 10 + 7)

    = 18300 × 7 / 22

    = Rs.5825

    Practice Next

    Relevant for Exams: