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

    Question

    ‘A’ and ‘B’ invested Rs. 1200 and Rs. 1500

    respectively to start a business. The ratio of the duration for which they kept their investments was 5:3, respectively. If the total profit generated was Rs. 2800, what is ‘A’s share of the profit?
    A Rs. 1550 Correct Answer Incorrect Answer
    B Rs. 1600 Correct Answer Incorrect Answer
    C Rs. 1750 Correct Answer Incorrect Answer
    D Rs. 1500 Correct Answer Incorrect Answer
    E Rs. 1460 Correct Answer Incorrect Answer

    Solution

    Ratio of profit received by ‘A’ and ‘B’ = (1200 × 5):(1500 × 3)  = 4:3 Profit share of ‘A’ = (4/7) × 2800 = Rs. 1600

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