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    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 1500.05 Correct Answer Incorrect Answer
    B Rs 1600 .05 Correct Answer Incorrect Answer
    C Rs 1800.05 Correct Answer Incorrect Answer
    D Rs 2021.05 Correct Answer Incorrect Answer

    Solution

    M's investment = ₹2500 for 12 months = 2500×12 = 30000 N's investment = 40% of 2500 = ₹1000 for 8 months = 1000×8 = 8000 Total investment units = 30000+8000 = 38000 N's profit share = (8000/38000) × 9600 = 4/19 × 9600 = ₹2021.05

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