NIFT UG 2017 Question Paper with solutions

Question : 49 of 150

Marks: +1, -0

A invested ₹ 5000 for 24 months, B invested ₹ 6000 for 18 months and C invested ₹ 8000 for 12 months. A charged 10% of profit for his expertise of business. If ₹ 25000 was the profit after two years, what is the B’s share in profit?

₹ 8500
₹ 8333.33
₹ 9000
₹ 7500

Validate

Solution:

A : B : C

=120000:108000:96000

=10:9:8

10% of 25000

=10/100×25000

=₹2500

25000–2500=₹22500

B’s share in the profit

=9/27×22500

=₹7500

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