NIACL Model Paper 8 with solutions for free online practice

Question : 52 of 100

Marks: +1, -0

Ira and John start a business together. The capital invested by Ira was twice of that invested by John. At the end of six months from the start of the business, John doubled his investment. If at the end of the year, the total profit earned was Rs. 8400, what was John’s share from the profit ?

Rs. 3600
Rs. 3500
Rs. 4900
Rs. 4800
Rs. 4200

Validate

Solution:

(1) John's initial investment = Rs. x.
Ira’s initial investment
= Rs. 2x
Ratio of the equivalent capitals
of Ira and John for 1 month

= 2x× 1 2 : (x × 6 + 2x × 6)

24x : 1 8x = 4 : 3

Sum of the terms of ratio

=4+3=7

∴ John’s share = Rs.

[3/7× 8400]

= Rs. 3600

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