55. A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.

(a) Rs. 1900

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(b) Rs. 2660

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(d) Rs. 2840

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Solution

The correct option is B
(b) Rs. 2660

Ans 55 b)
Explanation:
For managing, A received = 5% of Rs. 7400 = Rs. 370
Balance = Rs (7400 - 3700) = Rs 7030
Ratio of their investments = (6500x6)(8400x5)(10000x3)
=39000:42000:30000
=13:14:10
B’s share = Rs(7030*(14/37)) = Rs 2660

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The correct option is B (b) Rs. 2660 Ans 55 b) Explanation: For managing, A received = 5% of Rs. 7400 = Rs. 370 Balance = Rs (7400 - 3700) = Rs 7030 Ratio of their investments = (6500x6)(8400x5)(10000x3) =39000:42000:30000 =13:14:10 B’s share = Rs(7030*(14/37)) = Rs 2660

The correct option is B
(b) Rs. 2660

Ans 55 b)
Explanation:
For managing, A received = 5% of Rs. 7400 = Rs. 370
Balance = Rs (7400 - 3700) = Rs 7030
Ratio of their investments = (6500x6)(8400x5)(10000x3)
=39000:42000:30000
=13:14:10
B’s share = Rs(7030*(14/37)) = Rs 2660