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      Question

      Arun and Meena start a business with investments in the

      ratio 7:3 respectively. After 4 months, Neha joins with an amount equal to the average of both. If the total profit at the end of the year is Rs. 5,00,000, how much did Meena earn?
      A Rs.1,25,320 Correct Answer Incorrect Answer
      B Rs.2,56,320 Correct Answer Incorrect Answer
      C Rs.1,12,500 Correct Answer Incorrect Answer
      D Rs.5,36,300 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ,

      Let investments of Arun and Meena be Rs. ‘7x’ and Rs. ‘3x’, respectively.

      So, Neha’s investment = (7x + 3x)/2 = Rs. ‘5x’

      Profit share ratio = (7x × 12) : (3x × 12) : (5x × 8) = 84 : 36 : 40

      Simplify → 21:9:10

      So, required profit for Meena = 500000 × (9/40) = Rs. 1,12,500

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