New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    Anoop invested Rs. 'r', while

    Binny invested Rs. 15,000. After 7 months, Anoop reduced his investment by Rs. 3,000, and Binny reduced his investment by Rs. 5,000. If the profit share ratio of Binny to Anoop at the end of 21 months is 5:6, calculate 25% of 'r'.
    A 1200 Correct Answer Incorrect Answer
    B 4000 Correct Answer Incorrect Answer
    C 6520 Correct Answer Incorrect Answer
    D 5250 Correct Answer Incorrect Answer
    E 3365 Correct Answer Incorrect Answer

    Solution

    ATQ, Ratio of profit shares of 'Anoop' to that of 'Binny': = [r X 7 + (r - 3,000) X 14]:[15,000 X 7 + (15,000 - 5,000) X 14] = [r + (r - 3,000) X 2]:[15,000 + 10,000 X 2] = (3r - 6,000) :(35,000) So, (3r - 6,000) :(35,000) = 6:5 Or, 3r - 6,000 = 35000 X (6/5) Or, 3r - 6,000 = 42,000 Or, 3r = 48,000 So, 'r' = 16,000 Therefore, required value = 0.25 X 16,000 = 4,000

    Practice Next

    Relevant for Exams: