New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    In a joint business venture, 'A' contributes Rs. 2400,

    which is 25% less than 'B’s investment. While 'A's investment lasts for 8 months, 'B' only invests for 3 months. Given that 'B' earns a profit of Rs. 1200, calculate the combined total profit that 'A' and 'B' earn from this business.
    A Rs. 3000 Correct Answer Incorrect Answer
    B Rs. 4200 Correct Answer Incorrect Answer
    C Rs. 2400 Correct Answer Incorrect Answer
    D Rs. 3600 Correct Answer Incorrect Answer
    E Rs. 4800 Correct Answer Incorrect Answer

    Solution

    According to the question, Sum invested by ‘B’ = 2400/0.75 = Rs. 3200 Ratio of profits received by ‘A’ to ‘B’ = (2400 × 8):(3200 × 3) = 2:1 Therefore, required profit received = 1200 × (3/1) = Rs. 3600 Hence, option d.

    Practice Next

    Relevant for Exams: