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

    Question

    P, Q, and R invest ₹15,000, ₹20,000, and ₹25,000,

    respectively, to start a business. At the end of the year, the total profit is ₹60,000. P, as the managing partner, receives 10% of the profit, and the remaining profit is distributed in proportion to their investments. How much does Q receive in total?
    A 18,000 Correct Answer Incorrect Answer
    B 19,000 Correct Answer Incorrect Answer
    C 20,000 Correct Answer Incorrect Answer
    D 21,000 Correct Answer Incorrect Answer
    E None Correct Answer Incorrect Answer

    Solution

    Total profit = Rs 60,000 Amount P takes as managing partner = 10% of 60,000 = 6,000 Remaining profit = 60,000 - 6,000 = 54,000 Capital ratio of P:Q:R = 15,000:20,000:25,000 = 3:4:5 Q’s share of the remaining profit = (4/12) × 54,000 = 18,000 Total received by Q = 18,000 Answer: a. 18,000

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