Question

Calculate Amit's share of the profit if Amit and Bishnu invested their capital for 6 months and 7 months, respectively, in a ratio of 6:5, and the total profit they earned is Rs. 71,000.

A Rs.36,005 Correct Answer Incorrect Answer
B Rs.36,000 Correct Answer Incorrect Answer
C Rs.36,050 Correct Answer Incorrect Answer
D Rs.36,500 Correct Answer Incorrect Answer
E none of these Correct Answer Incorrect Answer

Solution

ATQ, Let investment made by Amit and Bishnu be Rs.6x and Rs.5x, respectively. Ratio of their profits = (6x × 6) : (5x × 7) = 36x:35x = 36:35 Profit earned by Amit  = (36/71) × 71000  = Rs.36,000

Practice Next

Relevant for Exams:

×
×