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

    Question

    P and Q started a company with Rs. 60,000 and Rs. 45,000

    respectively. After 6 months, R invested Rs. 40,000 in the business. The profit earned at the end of the year was Rs. 31,200. Find the share of Q in the profit.
    A Rs.11,232 Correct Answer Incorrect Answer
    B Rs.16,255 Correct Answer Incorrect Answer
    C Rs.19,500 Correct Answer Incorrect Answer
    D Rs.15,000 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Profit sharing ratio of P, Q and R:

    = (60000 × 12) : (45000 × 12) : (40000 × 6)

    = 720000 : 540000 : 240000

    = 12 : 9 : 4

    Total = 25 parts

    Q’s share = 31200 × (9 / 25) = Rs. 11,232

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