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

    Question

    ‘A’ launched a business with an initial investment

    of Rs. 12,000. After ‘M’ months, ‘B’ became a partner by contributing Rs. 20,000. By the end of the year, the total profit was Rs. 6,100, out of which ‘B’ received Rs. 2,500. Determine the number of months ‘M’ after which ‘B’ joined the business.
    A 5 Correct Answer Incorrect Answer
    B 7 Correct Answer Incorrect Answer
    C 6 Correct Answer Incorrect Answer
    D 8 Correct Answer Incorrect Answer
    E 4 Correct Answer Incorrect Answer

    Solution

    Ratio of profit shares of ‘A’ and ‘B’ = (12000 × 12):{(12 – M) × 20000} = 36:(60 – 5M) Profit share of ‘A’ = 6100 – 2500 = Rs. 3,600 ATQ; {36/(60 – 5M)} = (3600/2500) Or, 60 – 5M = 36 × (25/36) Or, 5M = 35 Or, M = 7

    Practice Next

    Relevant for Exams: