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

    Question

    In a business, two partners, B

    and A, made investments in the ratio of 15:16. After 5 months, P joined with an investment of Rs. 15,000. At the end of the year, the total profit amounted to Rs. 14,000, and P's share of the profit was Rs. 4,700. What is the share of the profit that A will receive?
    A Rs.4800 Correct Answer Incorrect Answer
    B Rs.5400 Correct Answer Incorrect Answer
    C Rs.5520 Correct Answer Incorrect Answer
    D Rs.6520 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Profit share of P = Rs. 4700 Profit share of B and A together = 14000 - 4700 = Rs. 9300 Profit share of A  = (9300/31) x 16 = Rs. 4800

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