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

    Question

    Three partners, 'A', 'B', and 'C', invested in a

    business with contributions of Rs. 24,000, Rs. 15,000, and Rs. 18,000, respectively. They committed their investments for durations of 3 months, 6 months, and 1 year. After the business operations, the total profit amassed was Rs. 29,400. Calculate the share of profit that goes to 'B' from this total profit.
    A Rs. 7,000 Correct Answer Incorrect Answer
    B Rs. 12,000 Correct Answer Incorrect Answer
    C Rs. 5,000 Correct Answer Incorrect Answer
    D Rs. 4,500 Correct Answer Incorrect Answer
    E Rs. 8,000 Correct Answer Incorrect Answer

    Solution

    Respective ratio of the profits received by ‘A’, ‘B’ and ‘C’ = (24000 × 3):(15000 × 6):(18000 × 12) = 4:5:12 Therefore, profit received by ‘B’ = 29400 × (5/21) = Rs. 7000

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