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

    Question

    Partners A, B, and C invest Rs 10,000, Rs 15,000, and Rs

    20,000 in a business. At the end of the year, the business generates a profit of Rs 45,000. A is given 8% of the total profit for managing the business, and the remaining profit is distributed according to their investments. What is the total amount received by C?
    A 16,400 Correct Answer Incorrect Answer
    B 17,000 Correct Answer Incorrect Answer
    C 18,400 Correct Answer Incorrect Answer
    D 19,000 Correct Answer Incorrect Answer
    E None Correct Answer Incorrect Answer

    Solution

    Total profit = Rs 45,000 Amount A takes for managing = 8% of 45,000 = 3,600 Remaining profit = 45,000 - 3,600 = 41,400 Capital ratio of A:B:C = 10,000:15,000:20,000 = 2:3:4 C’s share of the remaining profit = (4/9) × 41,400 = 18,400

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