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

    Question

    'A' and 'C' started a business by investing Rs. 11,000

    and Rs. 13,000, respectively. Seven months later, they invited 'B' to join the business who invested Rs. 'R'. If at the end of the year, the profits were divided among 'A', 'C', and 'B' in a ratio of 5:5:2, respectively, then find the value of 'R' in terms of 'P' given that 'P' = 1,500.
    A 16,500 Correct Answer Incorrect Answer
    B 12,550 Correct Answer Incorrect Answer
    C 10,560 Correct Answer Incorrect Answer
    D 15,000 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    ATQ, Given:

    A invests ₹11,000 for 12 months = 11,000×12 = 132,000 C invests ₹13,000 for 12 months = 13,000×12 = 156,000 B invests Rs.'R' for 5 months = 5R Profit ratio is A : C : B = 5 : 5 : 2 Now, by using ratio of profit to set equation

    132,000 : 156,000 : 5R = 5 : 5 : 2 Make A and C equal to match 5:5 = adjust C to 132,000 Now:

    132,000:132,000:5R = 5:5:2 = 5R/132,000 = 2/5 5R = 2/5 × 132000 = 52,800 R = 10,560 Therefore, B should invest ₹10,560 to get a 2-part

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