Question
‘Arvind’, ‘Binny’ and ‘Chinnu’ started a Startup business of Construction suppliers with Rs.1,00,000, Rs.2,50,000 and Rs.2,00,000 respectively. What is the total profit at the end of the year? Statement I: If ‘Arvind’ invested Rs.50,000 more after 6 months and ‘Binny’ and ‘Chinnu’ withdrew Rs.50,000 each at the same time, then ‘Binny’ would have got Rs. 99,000 as profit. Statement II: Difference between the profit shares of ‘Arvind’ and ‘Chinnu’ is Rs.42,000. Statement III: Simple interest on Chinnu’s profit share for 2 years at 10% p.a. The rate of interest is Rs.16,800.
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