Partnership Practice Test 1

Question : 39 of 40

Marks: +1, -0

Ajay and Sanjay started a real estate business by investing Rs 3,600 and 4,800, respectively. After 4 months, Vijay joined them by investing Rs 5,400 and after 9 months, Sanjay withdrew his money. If at the end of the year, the profit was Rs 1,200, then what was Vijay’s profit?

Rs 400
Rs 450
Rs 900
Rs 500
Rs 600

Validate

Solution:

Money invested by Ajay for one year = 3,600 × 12 = Rs 43,200
Money invested by Sanjay for one year = 4,800 × 9 = Rs 43,200
Money invested by Vijay for one year = 5,400 × 8 = Rs 43,200
∴ Ratio of their investments = 1 : 1 : 1
Hence, Vijay’s profit =

1/3× 1,200

= Rs 400

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