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

    Question

    A, B, and C start a business together. A invests

    ₹25,000, B ₹35,000, and C ₹40,000. After 1 year, C withdraws his entire capital, and A and B continue. If the profit at the end of 2 years is ₹87,000, find C's share in the profit.
    A ₹30,000 Correct Answer Incorrect Answer
    B ₹25,000 Correct Answer Incorrect Answer
    C ₹35,000 Correct Answer Incorrect Answer
    D ₹21,750 Correct Answer Incorrect Answer

    Solution

    Profit is divided in the ratio of investment × time. A's share = 25,000 × 2 = 50,000 B's share = 35,000 × 2 = 70,000 C's share = 40,000 × 1 = 40,000 Total = 50,000 + 70,000 + 40,000 = 160,000 C's share in profit = (40,000 / 160,000) × 87,000 = ₹21,750 Correct answer: d) ₹21,750

    Practice Next