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    Question

    'X' invested Rs. 32,000 to start a business. After 4

    months, 'Y' joined with Rs. 48,000. 'X', being an active partner, received 25% of the total annual profit as an incentive. The remaining profit was distributed based on their capital share. If the total profit at the year-end was Rs. 24,000, find the share of 'X'.
    A Rs.15000 Correct Answer Incorrect Answer
    B Rs.12500 Correct Answer Incorrect Answer
    C Rs.32500 Correct Answer Incorrect Answer
    D Rs.11550 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Ratio of profit share of 'X' to that of 'Y' = (32,000 Ă— 12) : (48,000 Ă— 8) = 384,000 : 384,000 = 1:1 25% of total profit = 0.25 Ă— 24,000 = Rs. 6,000 Remaining profit = 24,000 - 6,000 = Rs. 18,000 Profit share of 'X' = 6,000 + (1 / (1+1)) Ă— 18,000 = 6,000 + (1/2) Ă— 18,000 = 6,000 + 9,000 = Rs. 15,000

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