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

    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

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