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

    Question

    A and B started a business with investments in

    the ratio 5:4 respectively. After 4 months, C joined them with an investment 50% more than the investment of B. Find the profit share of C out of the total profit of Rs 6720 at the end of two years
    A Rs. 1960 Correct Answer Incorrect Answer
    B Rs. 1470 Correct Answer Incorrect Answer
    C Rs. 1500 Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    Let the investments of A and B be Rs. 5x and Rs. 4x respectively.
    So, the investment of C = 1.50 × 4x = Rs. 6 x
    So, the ratio of their investments = (5x × 24): (4x × 24): (6x × 20) = 5:4:5
    So, the profit share of C = 5/14 × 6720 = Rs. 2400

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