A and B entered into a partnership by investing Rs. 8000 and Rs. 6000 respectively. After 8 months, A withdrew half his investment while B invested 1.5 times more of his investment more and C joined the partnership with Rs. 12000. Find the profit share of C after 1 year if A got Rs. 8000 as profit.
This questions was previously asked in
IBPS PO Prelims (04 Dec, 2021 Shift 3)
Rs. 5400
Incorrect AnswerRs. 4500
Incorrect AnswerRs. 5000
Incorrect AnswerRs. 6000
Incorrect AnswerExplanation:
- A initially invests Rs. 8000, and B invests Rs. 6000.
- For the first 8 months, A's contribution is Rs. 8000, while B's contribution is Rs. 6000.
- After 8 months:
- A reduces his investment by half to Rs. 4000.
- B increases his investment by 1.5 times, adding Rs. 9000, making it Rs. 15000.
- C joins with Rs. 12000.
- Calculate annual equivalents:
- A: (8 * 8000) + (4 * 4000) = Rs. 80000
- B: (8 * 6000) + (4 * 15000) = Rs. 108000
- C: (4 * 12000) = Rs. 48000
- Total profit contribution ratio: A: 80000, B: 108000, C: 48000.
- A’s profit share is Rs. 8000.
- Total profit = (8000/80000) * Total = Rs. 8000.
- Calculate C’s profit: (48000/236000) * Total Profit
- After computation, C's profit share is Rs. 4800.
- Option 4: Rs. 4800 is correct.
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By: Parvesh Mehta