LIC AAO 22 Mar 2015 Paper

Question : 38 of 160

Marks: +1, -0

A and B started a business by investing Rs. 18,000 and Rs. 24,000 respectively. At the end of 4th month from the start of the business, C joins with Rs. 15,000. At the end of 8th month B quits at which time C invests Rs. 3000 more.At the end of 10th month B rejoins with the same investment. If profit at the end of the year is Rs. 12,005, what is B’s share in the profit?

Rs. 4000
Rs. 4400
Rs. 4360
Rs. 4900
Rs. 3920

Validate

Solution:

Ratio of the equivalent capitals of A, B and C for 1 month
= 18000 x 12 : 24000 x 10 (15000 x 4 + 18000 x 4)
= 18000 x12:240000: (60000 + 72000)
= 18000 x 12 : 240000 132000 = 18 : 20 : 11
Sum of the terms of ratio = 18 + 20 + 11 = 49 B’s share
= Rs.

({20}/{49}×12005)

= Rs . 4900

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