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

    Question

    Pankaj and Dheeraj initiated a partnership by investing

    Rs. 12,750 and Rs. 8,500 respectively. Eight months into the business, Sanjay came on board by contributing an amount that was double Dheeraj's initial investment. At the year's end, Pankaj's share of the profit amounted to Rs. 5,175. Calculate the total annual profit share that Sanjay would receive.
    A Rs. 3,450 Correct Answer Incorrect Answer
    B Rs. 1,920 Correct Answer Incorrect Answer
    C Rs. 2,400 Correct Answer Incorrect Answer
    D Rs. 2,640 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Ratio of annual profit shares of Pankaj, Dheeraj and Sanjay, respectively: = (12,750 x 12) :(8,500 x 12) :(2 x 8,500 x 4) = 9:6:4 Required profit share of Sanjay = (5,175/9) x 4 = Rs. 2,300

    Practice Next

    Relevant for Exams: