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

    Question

    Ashish started a business by investing Rs. 6300. Few

    months later; Ramesh joined him by investing Rs. 8000 such that at the end of the year, the profit share of Ashish was 5% more than that of Ramesh. How many months after Ashish did Ramesh join the business?
    A 2 months Correct Answer Incorrect Answer
    B 6 months Correct Answer Incorrect Answer
    C 3 months Correct Answer Incorrect Answer
    D 9 months Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the number of months for which Ramesh invested his money = ‘Y’ months Ratio of profit shares of Ashish and Ramesh = (6300 × 12):(8000 × Y) = 75600:8000Y = 189:20Y Let profit share of Ramesh be Rs. ‘100a’ So, profit share of Ashish = 1.05 × 100a = Rs. ‘105a’ ATQ; (189/20Y) = (105a/100a) So, Y = 9 Therefore, Ramesh joined the business (12 – Y) = 3 months after Ashish.

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