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

    Question

    Manoj and Naveen started a business with the investment

    of Rs. (y-900) and Rs. (y+1300) respectively. After four months of the start of business, the initial investment of Manoj is increased by Rs. 1100 and the initial investment of Naveen is decreased by Rs. 1100. If at the end of one year, the ratio between the profit shares of Manoj and Naveen is 35:37 respectively, then find out the value of ‘y’.
    A 14000 Correct Answer Incorrect Answer
    B 14800 Correct Answer Incorrect Answer
    C 12000 Correct Answer Incorrect Answer
    D 12500 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Ratio of the investment of Manoj and Naveen with respect to the time ⇒ (y-900)x4+(y-900+1100)x8 : (y+1300)x4+(y+1300-1100)x8 ⇒ (y-900)+(y+200)x2 : (y+1300)+(y+200)x2 ⇒ (y-900)+(2y+400) : (y+1300)+(2y+400) ⇒ (3y-500) : (3y+1700) The ratio between the profit shares of Manoj and Naveen is 35:37 respectively. So (3y-500)/(3y+1700) = 35/37 37(3y-500) = 35(3y+1700) 111y-18500 = 105y+59500 111y-105y = 18500+59500 6y = 78000 y = 13000

    Practice Next

    Relevant for Exams: