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

    Question

    A and B started a business with investments of Rs. _____

    and Rs. 5000, respectively. Six months later, C joined with an investment of Rs. _____. After one year, the total profit was Rs. 2500, and A's share of the profit was Rs. 1200. A)  3000, Rs.8000 B)  4000, Rs.7000 C)  5000, Rs.4000 D)  Rs.6000, Rs.3000
    A All A, B, C and D Correct Answer Incorrect Answer
    B Only A Correct Answer Incorrect Answer
    C Only A and D Correct Answer Incorrect Answer
    D Only D Correct Answer Incorrect Answer
    E Only C and D Correct Answer Incorrect Answer

    Solution

    From option (A) Profit ratio = 3000 * 12: 5000 * 12:8000 * 6 = 3:5:4 A’s profit = 3/12 * 2500 = 625 This will not satisfy the given condition. From option (B) Profit ratio = 4000 * 12: 5000 * 12:7000 * 6 = 8:10:7 A’s profit = 8/25 * 2500 = 800 This will not satisfy the given condition. From option (C) Profit ratio = 5000 * 12: 5000 * 12:4000 * 6 = 5:5:2 A’s profit = 5/12 * 2500 = 1041.667 This will not satisfy the given condition. From option (D ) Profit ratio = 6000 * 12: 5000 * 12:3000 * 6 = 12:10:3 A’s profit = 12/25 * 2500 = 1200 This will satisfy the given condition.

    Practice Next