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

    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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