New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    Amit and Bishnu started a partnership by funding Rs.

    8000 and Rs. 12000 individually. After four months, Amit take out Rs.2000 & Bishnu funded Rs.3000 more. After three more months, Chinu joined the business with a capital of Rs.10000. If at the end of year the entire profit is Rs.14900, then what will be the profit share of Amit is how much more than that of Chinu.
    A 1000 Correct Answer Incorrect Answer
    B 1200 Correct Answer Incorrect Answer
    C 1500 Correct Answer Incorrect Answer
    D 2400 Correct Answer Incorrect Answer

    Solution

    ATQ, we can say that Profit ratio of Amit, Bishnu to that of Chintu = [8000 × 4 + (8000 − 2000) × 8] : [12000 × 4 + (12000 + 3000) × 8] : (10000 × 5)  = 80: 168: 50  40: 84: 25  Hence, required difference in profit share of Amit and Chintu  = (40−25)/149 × 14900  = Rs.1500

    Practice Next

    Relevant for Exams: