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

    Question

    ‘M’ starts a business with Rs. 2,500. After 4

    months, ‘N’ joins by investing 40% of M’s capital. If the total annual profit is Rs. 9,600, what is the share of ‘N’?
    A Rs 1500 Correct Answer Incorrect Answer
    B Rs 1600 Correct Answer Incorrect Answer
    C Rs 1800 Correct Answer Incorrect Answer
    D Rs 2000 Correct Answer Incorrect Answer

    Solution

    Amount invested by ‘N’ = 2500 × 0.4 = Rs. 1000
    Ratio of profit shares of ‘M’ and ‘N’ = (12 × 2500):(8 × 1000) = 30000:8000 = 15:4
    So, profit share of ‘N’ = 9500 × (4/19) = Rs. 2,000

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