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

    Question

    Amit and Sumit jointly invested Rs. 4200 and Rs. 2800 in a

    startup. If the total annual profit is Rs. 9800, what is the difference between their shares of the profit?
    A Rs.1450 Correct Answer Incorrect Answer
    B Rs.1160 Correct Answer Incorrect Answer
    C Rs.1960 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 Amit : Sumit = 4200 : 2800 = 3 : 2

    Required difference = {(3 – 2) / (3 + 2)} × 9800 = Rs. 1960

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