New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

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

    4500. After 2 months ‘N’ joins the business with an investment of Rs. 3000. If the total profit earned by them together at the end of the year is Rs. 5460, then find the annual profit share of ‘N’?
    A Rs. 1900 Correct Answer Incorrect Answer
    B Rs. 1850 Correct Answer Incorrect Answer
    C Rs. 1950 Correct Answer Incorrect Answer
    D Rs. 1910 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Ratio of profit share of ‘M’ and ‘N’ = (4500 × 12):(3000 × 10) = 9:5 Profit share of ‘B’ = (5/14) × 5460 = Rs. 1950

    Practice Next