Exams › IBPS PO › General Awareness
A and B started a business with investments of ₹X and ₹(X + 800) respectively. After eight months, A withdrew ₹1,200. At the end of the year, the ratio of profit received by A to that of B is 3:4. Find the value of X.
- 5000
- 4000
- 1500
- 2000
Correct answer: 4000
Solution
A’s money-time = \(8X + 4(X-1200)\). B’s money-time = \(12(X+800)\). Since profit ratio is 3:4, set \(8X + 4(X-1200) : 12(X+800) = 3:4\) and solve to get \(X=4000\).
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