Exams › IBPS PO › General Awareness
Peter, Jack, and Mark started a business by investing in the ratio $9:13:28$. After 4 months, Peter and Jack invested $\tfrac{1}{3}$ and $\tfrac{1}{4}$ of their initial investments respectively. After 2 more months, Mark withdrew $\tfrac{1}{7}$ of his initial investment. If Mark received ₹156,000 as his yearly profit, find the total profit received by the three of them.
- ₹234,000
- ₹313,000
- ₹329,000
- ₹333,000
Correct answer: ₹313,000
Solution
In partnership problems, profit is divided in proportion to capital × time. Compute the effective investments for all three partners over the year, then use Mark’s known profit to find the total. The resulting total profit comes to ₹313,000.
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