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

    Question

    A, B and C invested in partnership. A invest Rs.10000

    for 4 months, B invests Rs.8000 for 3 months and C invests Rs.14000 for 2 months. C is working partner so he will get 10% extra of total profit. Find profit share of C if total profit at the end of the year is Rs.9200.
    A Rs.2970 Correct Answer Incorrect Answer
    B Rs.3440 Correct Answer Incorrect Answer
    C Rs.2275 Correct Answer Incorrect Answer
    D Rs.3526 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Ratio of profit share of A, B and C = 10000 x 4 + 8000 x 3 + 14000 x 2 = 10:6:7 Profit share of C out of total profit = [9200 x (10/100)] + [9200 x (90/100) x (7/23)] = Rs.3440

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