Exams › SSC CGL (Prelims) › General
X and Y started a business by investing ₹60,000 and ₹90,000 respectively. After 6 months, X doubled his capital, while Y reduced his capital by ₹30,000. If the total annual profit is ₹62,000, what is Y's share (to the nearest integer)?
- ₹ 28,182
- ₹ 30,105
- ₹ 33,000
- ₹ 35,512
Correct answer: ₹ 28,182
Solution
X's capital-time product is $60000\times6 + 120000\times6$, and Y's is $90000\times6 + 60000\times6$. The ratio of their investments becomes 9:8, so Y gets $\frac{8}{17}$ of the profit, which is about ₹28,182.
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