Question

    Amit and Rakesh started a business with initial

    investments of Rs. 2500 and Rs. 2000, respectively. After 6 months, Amit increased his investment by Rs. 400, whereas Rakesh reduced his investment by Rs. 200. If the total profit after 12 months is Rs. 8400, determine Amit's share of the profit.
    A Rs.4250 Correct Answer Incorrect Answer
    B Rs.6480 Correct Answer Incorrect Answer
    C Rs.5250 Correct Answer Incorrect Answer
    D Rs.6120 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ;

    Ratio of profit share of Amit and Rakesh = [2500 × 12 + 400 × 6] : [2000 × 12 – 200 × 6] = 30000 : 18000 = 5:3

    Profit share of Amit = 5/8 × 8400 = Rs. 5250

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