Multiple Choice Questions on A and B enter into a partnership with their respective capital of Rs 7500 and Rs 7800 for 2 years B ........... for Insurance Services Examination Preparation

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Multiple Choice Questions

A and B enter into a partnership with their respective capital of Rs 7500 and Rs 7800 for 2 years B ...........

Quantitative Aptitude (Insurance) Partnership
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    A and B enter into a partnership with their respective capital of Rs 7500 and Rs 7800 for 2 years. B left the partnership ‘4 months’ before completion of 2 years and they together earn Rs 14000 profit at end of 2 years out of which 12.5% was donated and remaining was distributed according to their investment and time. Find profit share of B?

    Rs 4225.50 

    Incorrect Answer

    Rs 6562.50

    Incorrect Answer

    Rs 7525.50

    Incorrect Answer

    Rs 5687.50

    Correct Answer

    None of these 

    Incorrect Answer
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    Explanation:

    ; Ratio of their profit sharing

    = A : B

    = 7500×24 : 7800×20

    = 15 : 13

    Profit left after donation

    = 14000 − 14000 × 12.5/100 = 14000 – 1750 = 12250

    B’s share in

    profit = 13/15+13 × 12250 = 13/28 × 12250

    = Rs 5687.50

    By: Parvesh Mehta
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