SSC CGL Tier II 12 Jan 2017 Paper 1

Question : 24 of 100

Marks: +1, -0

A and B start an enterprise together, with A as active partner. A invests Rs. 4000 and Rs. 2000 more after 8 months. B invests Rs. 5000 and withdraws Rs. 2000 after 9 months. Being the active partner, A takes Rs. 100 per month as allowance, from the profit. What is the share of B if the profit for the year is Rs. 6700?

Rs. 3350
Rs. 3250
Rs. 2700
Rs. 2800

Validate

Solution:

(3) Ratio of the equivalent capitals of A and B for 1 month
= (4000 × 8 + 6000 × 4) : (5000 × 9 + 3000 × 3)
= (32000 + 24000) : (45000 + 9000)
= 56000 : 54000
= 28 : 27
Sum of the terms of ratio = 28 + 27 = 55
A is an active partner.
Allowance got by A in 1 year = Rs. 1200
Remaining profit = Rs. (6700 – 1200) = Rs. 5500
∴ B’s share = Rs.

( {27}/{55} × 5500 )

= Rs. 2700

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