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

    Question

    Amit and Anil started a business jointly. Amit invested Rs.

    12,000. Anil withdrew his investment after 8 months. If at the end of the year the profit was divided in the ratio 6:7 between Amit and Anil, find the investment made by Anil.
    A Rs.12,960 Correct Answer Incorrect Answer
    B Rs.18,000 Correct Answer Incorrect Answer
    C Rs.15,000 Correct Answer Incorrect Answer
    D Rs.21,000 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let Anil’s investment be Rs. 'y'.

    (12,000 × 12) : (y × 8) = 6 : 7

    → 144000 : 8y = 6 : 7

    → 144000/8y = 6/7

    → 18000/y = 6/7

    → y = (18000 × 7)/6

    → y = Rs. 21,000

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