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ExamsIBPS POGeneral Awareness

Rachit and Varun invest ₹18000 total. After 6 months, Rachit withdraws ₹2000. Year-end: Rachit's profit share=₹2200 out of total ₹3400. Find Rachit's initial investment.

  1. 4500
  2. 11000
  3. 6000
  4. 12000

Correct answer: 12000

Solution

Profit ratio=11:6. (12R-12000)/[12(18000-R)]=11/6. 72R-72000=132(18000-R). 204R=2448000. R=12000.

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