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

    Question

    In a business there are two partners ‘P’ and

    ‘Q’. ‘P’ started the business with the capital of Rs. 20000 and after 3 months ‘Q’ joined him with the capital of Rs. 40000. At the end of the year find the profit share of ‘Q’ out of the total profit of Rs. 8800.
    A Rs. 5580 Correct Answer Incorrect Answer
    B Rs. 5380 Correct Answer Incorrect Answer
    C Rs. 5280 Correct Answer Incorrect Answer
    D Rs. 5250 Correct Answer Incorrect Answer

    Solution

    Ratio of the profits received by ‘P’ and ‘Q’ (20000 × 12):(40000 × 8) = 2:3 Therefore, profit share of ‘Q’ = 8800 × (3/5) = Rs. 5280

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