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Question

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.



Your Answer
A

Rs.1900

Correct Answer
B

Rs.2660

Your Answer
C

Rs.2600

Your Answer
D

Rs.2550

Your Answer
E

Rs.2450


Solution

The correct option is B

Rs.2660


A received = 5% of Rs. 7400 = Rs. 370.

Balance = Rs. (7400 - 370) = Rs. 7030.

Ratio of their investments = (6500 x 6) : (8400 x 5) : (10000 x 3)

= 39000 : 42000 : 30000

= 13 : 14 : 10

B's share = Rs. (7030 \times{}\frac{14}{37}\) )

= Rs. 2660

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