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

    Question

    TYPE 10

    A, B and C invested in partnership. A invest Rs.12000

    for 5 months, B invests Rs.8000 for 3 months and C invests Rs.15000 for 2 months. C is working partner so he will get 5% extra of total profit. Find profit share of C if total profit at the end of the year is Rs.8200.
    A Rs.2955 Correct Answer Incorrect Answer
    B Rs.2460 Correct Answer Incorrect Answer
    C Rs.2100 Correct Answer Incorrect Answer
    D Rs.2730 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Ratio of profit share of A, B and C = 12000 x 5 + 8000 x 3 + 15000 x 2 = 10:4:5 Profit share of C out of total profit = [8200 x (5/100)] + [8200 x (95/100) x (5/19)] = Rs.2460

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