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

    Question

    Ajay and Akshay started a business with initial

    investments of Rs. 12,000 and Rs. 15,000, respectively. After 6 months, Ajay increased his investment by Rs. 3,000, while Akshay reduced his investment by Rs. 3,000. If the total profit at the end of the year is Rs. 19,650, calculate Ajay's share of the profit.
    A Rs. 8825 Correct Answer Incorrect Answer
    B Rs. 9825 Correct Answer Incorrect Answer
    C Rs. 7825 Correct Answer Incorrect Answer
    D Rs. 9285 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Ratio of profit of Ajay and Akshay after 1 year = (12000 × 6 + 15000 × 6):(15000 × 6 + 12000 × 6) = (72 + 90):(90 + 72) = 1:1 Profit share of Ajay =1/2 × 19650 = Rs. 9825

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