New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Ravi and Kunal initiated a joint venture by contributing

    Rs. 6,000 and Rs. 7,200 respectively. After 6 months, Ravi boosted his investment by 30% and Kunal added Rs. 1,800 more. At the end of the year, what fraction of the total profit does Ravi receive?
    A 25/23 Correct Answer Incorrect Answer
    B 22/21 Correct Answer Incorrect Answer
    C 23/50 Correct Answer Incorrect Answer
    D 29/31 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Increased investment of Ravi = 6000 × 1.30 = Rs. 7,800

    Increased investment of Kunal = 7200 + 1800 = Rs. 9,000

    So, respective ratio of profit shares of Ravi and Kunal =

    (6000 × 6 + 7800 × 6):(7200 × 6 + 9000 × 6)

    = (36000 + 46800):(43200 + 54000)

    = 82800:97200

    = 23:27

    So, proportion of profit share of Ravi out of total profit = 23 ÷ (23 + 27) = 23/50

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