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

    Question

    "Ankita" invested Rs. 4,000 to launch a business. After

    ten months, "Vicky" joined him and contributed Rs.6000, while "Ankita" added another Rs.1000 to his investment. Determine "Ankita's" profit share if, after 1.5 years, the total profit earned is Rs.8000.
    A Rs.1600 Correct Answer Incorrect Answer
    B Rs.2560 Correct Answer Incorrect Answer
    C Rs.4700 Correct Answer Incorrect Answer
    D Rs.5000 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Ratio of profit share of ‘Ankita’ and ‘Vicky’, respectively = [4000 × 10 + 5000 × 8]:[6000 × 8] = 80000:48000 = 5:3 Profits share of ‘Ankita’ = (5/8) × 8000 = Rs.5000

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