ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    M and N started a business by investing Rs.6000 and

    Rs.7000 respectively. After 6 months, M and N increased their investments by 40% and Rs.2800 respectively. The annual profit share of N was Rs.2100. Find the total annual profit received by them together.
    A Rs.3060 Correct Answer Incorrect Answer
    B Rs.4200 Correct Answer Incorrect Answer
    C Rs.3900 Correct Answer Incorrect Answer
    D Rs.5200 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Increased investment of M = 6000 x 1.4 = Rs.8400 Increased investment of N = 7000 + 2800 = Rs.9800 Ratio of profit share of M and N = (6000 x 6 + 8400 x 6) : (7000 x 6 + 9800 x 6) = 6:7 So, total annual profit received by them together = 2100 x (13/17) = Rs.3900

    Practice Next
    More Partnership Questions

    Relevant for Exams:

    ask-question