📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    ‘X’ started a business by investing Rs. 2,000. After 3

    months, ‘Y’ joined with 50% of X’s investment. If the annual profit is Rs. 6,600, find the profit share of ‘Y’.
    A Rs 1500 Correct Answer Incorrect Answer
    B Rs 1600 Correct Answer Incorrect Answer
    C Rs 1800 Correct Answer Incorrect Answer
    D Rs 1700 Correct Answer Incorrect Answer
    E Rs 1200 Correct Answer Incorrect Answer

    Solution

    Amount invested by ‘Y’ = 2000 × 0.5 = Rs. 1000
    Ratio of profit shares of ‘X’ and ‘Y’ = (12 × 2000):(9 × 1000) = 24:9 = 8:3
    So, profit share of ‘Y’ = 6600 × (3/11) = Rs. 1,800

    Practice Next
    More Partnership Questions

    Relevant for Exams:

    ask-question