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

    Question

    ‘Sonal’ started a business with Rs. 2,000. After 6

    months, ‘Tina’ joined by investing 90% of Sonal’s capital. If the annual profit is Rs. 8,700, what is Tina’s share?
    A Rs 2700 Correct Answer Incorrect Answer
    B Rs 3000 Correct Answer Incorrect Answer
    C Rs 2400 Correct Answer Incorrect Answer
    D Rs 1800 Correct Answer Incorrect Answer

    Solution

    Investment by Tina = 2000 × 0.9 = Rs. 1,800
    Ratio = (12 × 2000):(6 × 1800) = 24000:10800 = 20:9
    Tina’s share = 8700 × (9/29) = Rs. 2,700

    Practice Next