New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    "A" and "B" initiated a business venture with

    investments of Rs. 2,400 and Rs. 3,000, respectively. Three months into the business, "C" joined the partnership with an investment of Rs. 1,800. If the total profit for the year amounted to Rs. 9,000, calculate the share of the profit that "B" would receive.
    A Rs. 4,000 Correct Answer Incorrect Answer
    B Rs. 3,500 Correct Answer Incorrect Answer
    C Rs. 3,600 Correct Answer Incorrect Answer
    D Rs. 5,000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Ratio of profit share of ‘A’, ‘B’ and ‘C’ = (2400 × 12):(3000 × 12):(1800 × 9) = 16:20:9 Therefore, profit share of ‘B’ = [20/(16 + 20 + 9)] × 9000 = Rs. 4,000  

    Practice Next

    Relevant for Exams: