Question

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest ₹ 6500 for 6 months, B, ₹ 8400 for 5 months and C, ₹ 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was ₹ 7400. Calculate the share of B in the profit. *
₹ 1900
₹ 2660
₹ 2800
₹ 2840
Cannot be determined
None of these

Answer 1

Answer:

OPTION B

Step-by-step explanation:

For managing, A received = 5% of Rs. 7400 = Rs. 370.

Balance = Rs. (7400 - 370) = Rs. 7030.

Ratio of their investments = (6500 x 6) : (8400 x 5) : (10000 x 3)

= 39000 : 42000 : 30000

= 13 : 14 : 10

∴ B's Share=Rs. 7030×1437=Rs. 2660

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Answer 2

≡QUESTION≡

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest ₹ 6500 for 6 months, B, ₹ 8400 for 5 months and C, ₹ 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was ₹ 7400. Calculate the share of B in the profit.

A) ₹ 1900

B) ₹ 2660

C) ₹ 2800

D) ₹ 2840

E) Cannot be determined

F) None of these

                                                       

║⊕ANSWER⊕║

For managing, A received = 5% of Rs. 7400

                                              = Rs. 370

Balance = Rs. (7400 - 370)

              = Rs. 7030

Ratio of their investments =$(6500 * 6) : (8400 * 5) : (10000 * 3)$

                                             $= 39000 : 42000 : 30000$

                                             $= 13 : 14 : 10$

∴ B's Share= Rs. 7030 * $\frac{14}{37}$

                   =Rs. 2660

∴Option B is your answer.