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Question

Amit and Vinod commenced a business with initial investments of Rs. 10,000 and Rs. 15,000, respectively. After four months, Amit doubled his investment, and Vinod withdrew Rs. 5,000 from his initial investment. At the end of the year, the company's total profit was Rs. 51,000. What is Vinod's share of the profit?

A Rs.20,000 Correct Answer Incorrect Answer
B Rs.21,500 Correct Answer Incorrect Answer
C Rs.21,050 Correct Answer Incorrect Answer
D Rs.21,000 Correct Answer Incorrect Answer
E none of these Correct Answer Incorrect Answer

Solution

ATQ, Ratio of profit shares of 'Amit' and 'Vinod' = {(10000 × 4) + (10000 × 2 × 8)}:{(15000 × 4) + (15000 - 5000) × 8} = {(40000 + 160000):(60000 + 80000)} = 2,00,000:140000 = 10:7 So, profit share of 'B' = 51000 × (7/17) = Rs. 21,000

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