Question

    ‘M’ started a business with an investment of Rs.

    3000. After 8 months ‘N’ joins the business with an investment of Rs. 2500. If the total profit earned by them together at the end of the year is Rs. 5290, then find the annual profit share of ‘N’?
    A Rs. 1100 Correct Answer Incorrect Answer
    B Rs. 1190 Correct Answer Incorrect Answer
    C Rs. 1150 Correct Answer Incorrect Answer
    D Rs. 1050 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Ratio of profit share of ‘M’ and ‘N’ = (3000 × 12):(2500 × 4) = 18:5 Profit share of ‘B’ = (5/23) × 5290 = Rs. 1150

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