Multiple Choice Questions on A starts a business with an initial investment of Rs 30 000 After 6 months B enters into the partner........... for RBI Assistant Exam Preparation

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Multiple Choice Questions

A starts a business with an initial investment of Rs 30 000 After 6 months B enters into the partner...........

Qunatitative Aptitude (RBI Ast) Partnership
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    A starts a business with an initial investment of Rs. 30,000. After 6 months , B enters into the partnership with an investment of Rs. 20,000.Again after 3 months C enters with an investment of Rs.50,000.If C receives Rs. 2000 in the profit at the end of the year ,what is the total annual profit?

    Rs.7000

    Incorrect Answer

    Rs. 8400

    Correct Answer

    Rs.8000

    Incorrect Answer

    Rs.9000

    Incorrect Answer
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    Explanation:

    A, B and C’s equivalent capitals
    A                :         B         :       C
    (30,000*12)  :   (20,000*6)  :    (50,000*3)
    12 :  4  : 5
    C’s profit = 5x/12 = 2000
    => x = 8,400

    Hence, option 2 is the correct answer.

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