Exams › SSC CGL (Prelims) › General

X and Y begin a venture investing Rs 60,000 and Rs 90,000 respectively. After 6 months, X doubles his investment while Y withdraws Rs 30,000. If the year's total profit is Rs 62,000, find Y's share, rounded to the nearest rupee.

1. Rs 28,182
2. Rs 30,105
3. Rs 33,000
4. Rs 35,512

Correct answer: Rs 28,182

Solution

Profit is shared in the ratio of capital-time products. X’s contribution is 60,000×6 + 120,000×6, while Y’s is 90,000×6 + 60,000×6. Using this ratio, Y’s share of the total profit comes out to Rs 28,182 approximately.

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