Partnership Ques 1
Question
Mrudul invested an amount of $ \text{₹} 29,500$ in order to start a business. Shalaka joined her 4 months later by investing an amount of ₹ 33,500 . If the business earned a profit of $ \text{₹} 1,20,575$ at the end of two years, what was Mrudul’s share of the profit?
(1) ₹ 60,725
(2) ₹ 61,950
(3) ₹ 59,250
(4) ₹ 58,625
(5) None of these
(Indian Bank PO Exam. 02.01.2011)
Show Answer
Answer: (2)
Solution: (2)
Profit ratio of Mrudul and Shalaka
$=29500 \times 24: 33500$ $\times 20=354: 335$
Sum of the ratios $=354+335$ $=689$
$\therefore$ Mrudul’s share $= \text{₹} \left(\frac{354}{689} \times 120575\right)= \text{₹} 61950$
BETA
