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

    Question

    In a business there are two partners ‘P’ and

    ‘Q’. ‘P’ started the business with the capital of Rs. 20000 and after 3 months ‘Q’ joined him with the capital of Rs. 45000. At the end of the year find the profit share of ‘Q’ out of the total profit of Rs. 5160.
    A Rs. 3208 Correct Answer Incorrect Answer
    B Rs. 3240 Correct Answer Incorrect Answer
    C Rs. 3808 Correct Answer Incorrect Answer
    D Rs. 3708 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Ratio of the profits received by ‘P’ and ‘Q’ (20000 × 12):(45000 × 8) = 16:27 Therefore, profit share of ‘Q’ = 5160 × (27/43) = Rs. 3240

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