Exams › SSC CGL (Prelims) › General
M and N invest ₹80,000 and ₹1,20,000 respectively. After one year, the profit, including 8% simple interest on capital, is ₹30,000. What is M's share?
- ₹ 10,800
- ₹ 12,000
- ₹ 13,400
- ₹ 14,400
Correct answer: ₹ 12,000
Solution
Simple interest for M is ₹6,400 and for N is ₹9,600. The remaining profit after paying interest is ₹30,000 - ₹16,000 = ₹14,000, which is shared in the ratio 80,000:1,20,000 = 2:3. M gets ₹5,600 from this, so total share = ₹6,400 + ₹5,600 = ₹12,000.
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