Ankur Babu and Chintu jointly thought of engaging themselves in a business venture It was agreed tha...........

Quantitative Aptitude (CDS) Partnership

Ankur, Babu, and Chintu jointly thought of engaging themselves in a business venture. It was agreed that Ankur would invest Rs. 5000 for 10 months, Babu, Rs. 8000 for 5 months and Chintu, Rs. 12000 for 5 months. Ankur wants to be the working member for which he was to receive 10% of the profits. The profit earned was Rs. 9000. Calculate the share of Babu in the profit?

Rs. 2160

Rs. 1206

Rs. 1340

Rs. 1450

Explanation:

For managing, Ankur receive = 10% of Rs. 9000
= Rs. 900
Balance = Rs. (9000 - 900) = Rs. 8100
Ratio of their investments = (5000×10) : (8000×5) : (12000×5)
= 500000 : 40000 : 60000
= 5 : 4 : 6
Hence Babu's share = Rs. ( 8100×4/15)
=Rs. 2160