Exams › IBPS PO › Quantitative Aptitude
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 was to be the working partner and receive 5% of the profit. If the total profit earned was Rs. 7400, calculate B's share in the profit.
- Rs. 1900
- Rs. 2660
- Rs. 2800
- Rs. 2840
Correct answer: Rs. 2660
Solution
A receives 5% of Rs. 7400 as working partner remuneration, i.e. Rs. 370. The remaining Rs. 7030 is divided in the ratio 6500×6 : 8400×5 : 10000×3 = 39000 : 42000 : 30000 = 13 : 14 : 10. B's share is \(\frac{14}{37}\times 7030 = 2660\).
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