Multiple Choice Questions on There are two persons Ranit and Ratan Ranit supplies whole of the capital amounting to Rs 45000 with........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

There are two persons Ranit and Ratan Ranit supplies whole of the capital amounting to Rs 45000 with...........

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    There are two persons Ranit and Ratan. Ranit supplies whole of the capital amounting to Rs. 45000 with the condition that the profits are to be equally distributed and that Ratan pays Ranit interest on half of the capital at 10% per annum, but receives, Rs. 120 per month for carrying on the concern. What is their total yearly profit , when Ratan’s income is 1/2 of Ranit’s income.

    Rs.9000

    Incorrect Answer

    Rs.8750

    Incorrect Answer

    Rs.9180

    Correct Answer

    Rs.6660

    Incorrect Answer
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    Explanation:

    Let total Profit be x.

    Amount received by Ratan (from the total profit) =120×12=1440=120×12=1440

    Amount received by Ranit (from Ratan) as interest =22500×10/100=2250

    Let total profit =2x+1440=2x+1440

    Then, Ranit and Ratan gets xx as share of the profit.

    Ranit’s total income in the year = x+2250

    Ratan’s total income in the year =x+1440−2250=x−810 2(x−810)=x+2250 ⇒2x−1620=x+2250 ⇒x=3870

    Total yearly profit =2x+1440= Rs.9180

    By: Pranav Gupta
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