Exams › IBPS PO › General Awareness
A and B started a business with investments of ₹6000 and ₹4000, respectively. If after nine months A withdrew \(\frac{2}{5}\) of his investment, then at the end of the year, by what percentage is A’s profit share more than B’s?
- 48
- 63
- 24
- 35
Correct answer: 35
Solution
A invests ₹6000 for 9 months and then withdraws \(2/5\), leaving ₹3600 for the last 3 months. So A’s capital-time = \(6000\times9 + 3600\times3 = 64800\). B’s capital-time = \(4000\times12 = 48000\). The ratio of profits is \(64800:48000 = 27:20\), so A’s profit is \(\frac{27-20}{20}\times100 = 35\%\) more than B’s.
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