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

    Question

    Neha and Pooja opened a business with capital investments

    of Rs. 2900 and Rs. 2100. At the end of the year, they made a profit of Rs. 8000. What is the difference between their profit shares?
    A Rs.1450 Correct Answer Incorrect Answer
    B Rs.1160 Correct Answer Incorrect Answer
    C Rs.1280 Correct Answer Incorrect Answer
    D Rs.1200 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ,

    Ratio of profit of Neha : Pooja = 2900 : 2100 = 29 : 21

    Required difference = {(29 – 21) / (29 + 21)} × 8000 = Rs. 1280

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