New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    ‘A’ and ‘B’ started a business by investing Rs.7500 and Rs. 9000, respectively. 4 months later, ‘C’ joined them with an investment equal to average of initial investment made by ‘A’ and ‘B’ together. If at the end of the year, B’s profit share out of the total profit was Rs. 36,000, then find the profit share of ‘C’.

    A Rs. 24000 Correct Answer Incorrect Answer
    B Rs. 22000 Correct Answer Incorrect Answer
    C Rs. 33000 Correct Answer Incorrect Answer
    D Rs. 20250 Correct Answer Incorrect Answer
    E Rs. 18750 Correct Answer Incorrect Answer

    Solution

    ATQ; Amount invested by ‘C’ = [(7500 + 9000)/2] = Rs. 8250 Profit shares of ’A’, ‘B’ and ‘C’, respectively at the end of the year = [(7500 × 12): (9000 × 12):(8250 × 8)] = 15:18:11 Let the total profit received by ‘A’, B’ and ‘C’ at the end of the year be Rs. ‘P’ Profit share of ‘B’ = 36000 = (18/44) × P => P = 36000 × (44/18) = 88000 Profit share of ‘C’ = 88000 × (11/44) = Rs. 22000

    Practice Next