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

    Question

    Raj invested Rs.42000 in a business. After 4 months,

    Rohan joins him with an investment of Rs.P. If at the end of the year the profit is Rs.58000 and profit share of Raj is Rs.42000. Find the value of P.
    A Rs.40000 Correct Answer Incorrect Answer
    B Rs.28800 Correct Answer Incorrect Answer
    C Rs.33000 Correct Answer Incorrect Answer
    D Rs.24000 Correct Answer Incorrect Answer

    Solution

    Profit ratio of Raj and Rohan = 42000 x 12 : P x 8 = 63000:P According to the question, => 63000/P = 42000/(58000 – 42000) => P = Rs.24000

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