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

    Question

    A, B and C invested in partnership. A invest Rs.6000 for

    6 months, B invests Rs.4000 for 4 months and C invests Rs.10000 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.8200.
    A Rs.2870 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 = 6000 x 6 + 4000 x 4 + 10000 x 2 = 9:4:5 Profit share of C out of total profit = [8200 x (10/100)] + [8200 x (90/100) x (5/18)] = Rs.2870

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