Multiple Choice Questions on X and Y invest Rs 21000 and Rs 17500 respectively in a business At the end of the year they make a p........... for SBI (Clerical) Exam Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    X and Y invest Rs.21000 and Rs.17500 respectively in a business. At the end of the year, they make a profit of Rs.26400. What is the share of X in the profit?

    Rs. 14400

    Correct Answer

    Rs. 17200

    Incorrect Answer

    Rs. 13000

    Incorrect Answer

    Rs. 12400

    Incorrect Answer
    Explanation:

    Ratio of the investment
    = 21000:17500 = 210:175 = 42:35 = 6:5
    Share of X in the profit
    =26400 × 6/11 = 2400 × 6 = 14400

    Hence, option 1 is the correct answer.


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