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

    Question

    ‘A’ and ‘B’ started a business by investing Rs.

    5000 and Rs. 4000, respectively. 6 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. 6000 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’ = [(5000 + 4000)/2] = Rs. 4500 Profit shares of ’A’, ‘B’ and ‘C’, respectively at the end of the year = [(5000 × 12): (4000 × 12):(4500 × 6)] = 20:16:9 Let the total profit received by ‘A’, B’ and ‘C’ at the end of the year be Rs. ‘P’ Profit share of ‘B’ = 36000 = (16/45) × P => P = 36000 × (45/16) = 101250 Profit share of ‘C’ = 101250 × (9/45) = Rs. 20250

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