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

    Question

    A started a retail business by investing Rs.28,000.

    After eight months B joined him with a capital of Rs.54,000. After 2 years, they earned a profit of Rs.29,120. What was the A’s share in the profit?
    A 14800 Correct Answer Incorrect Answer
    B 13440 Correct Answer Incorrect Answer
    C 12740 Correct Answer Incorrect Answer
    D 13650 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Ratio of the capital invested by A and B = (28000 × 24):(54000 × 16) ⇒  7 : 9 Therefore, A’s share = 29120 x (7/16) = Rs.12740

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