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

    Question

    'A' and 'B' invested Rs. 16,000 and Rs. 12,000,

    respectively, in a business. After 8 months, 'A' added Rs. 8,000 to his investment, while 'B' withdrew Rs. 4,000. If the total profit after 1.5 years was Rs. 17,000, find 'A's profit share.
    A Rs. 7500 Correct Answer Incorrect Answer
    B Rs. 11500 Correct Answer Incorrect Answer
    C Rs. 6500 Correct Answer Incorrect Answer
    D Rs. 12500 Correct Answer Incorrect Answer
    E Rs. 14000 Correct Answer Incorrect Answer

    Solution

    Ratio of the profits received by ‘A’ to ‘B’

    = {(16000 × 8) + (24000 × 10)}:{(12000 × 8) + (8000 × 10)} = 23:11

    Required profit share of ‘A’ = 17000 × (23/34) = Rs. 11500

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