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

    Question

    ‘P’ started a business by investing Rs. 1,500. Six

    months later, ‘Q’ joined him by making an investment which is equal to 80% of the investment made by ‘P’. If at the end of the year, total profit received by them is Rs. 5,400, then find the profit share of ‘Q’.
    A Rs 1000 Correct Answer Incorrect Answer
    B Rs 1250 Correct Answer Incorrect Answer
    C Rs 1350 Correct Answer Incorrect Answer
    D Rs 1600 Correct Answer Incorrect Answer
    E Rs 1800 Correct Answer Incorrect Answer

    Solution

    Amount invested by ‘Q’ = 1500 × 0.8 = Rs. 1200 Ratio of profit shares of ‘P’ and ‘Q’ = (12 × 1500):(6 × 1200) = 3:1 So, profit share of ‘Q’ = 5400 × (1/4) = Rs. 1,350

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