New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Two people 'Anil' and 'Binod' entered into a partnership

    with an Starting investment of Rs.5,000 and Rs.8,000, individually. After one year, 'Anil' and 'Binod' enhanced their investment by 20% and 10%, individually. If at the end of 2 years, the difference between there profit shares of 'Anil' and 'Binod' is Rs.464, then What will be the total profit of 'Anil'.
    A Rs.455 Correct Answer Incorrect Answer
    B Rs.445 Correct Answer Incorrect Answer
    C Rs.880 Correct Answer Incorrect Answer
    D Rs.450 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    Investment of 'Anil' after one year = 5000 x 1.2 = Rs.6000 And, Investment of 'Binod' after one year = 8000 x 1.1 = Rs. 8,800 Ratio of profit shares of 'Anil' and 'Binod' = (5000 x 12 + 6000 x 12):(8000 x 12 + 8800 X 12) = 11000:16800 = 55:84 Let the profit share of 'Anil' and 'Binod' be Rs.'55x' and Rs.'84x', individually. ATQ, 84x - 55x = 464 Or, 29x = 464 So, 'x' = 16 So, profit share of 'Anil'= 55x = 55 x 16 = Rs.880

    Practice Next

    Relevant for Exams: