Quant Exam  >  Quant Questions  >  Simran started a software business by investi... Start Learning for Free
Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?
  • a)
    Rs. 9,423
  • b)
    Rs. 10,250
  • c)
    Rs. 12,500
  • d)
    Rs. 10,500
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Simran started a software business by investing Rs. 50,000. After six ...
View all questions of this test
Most Upvoted Answer
Simran started a software business by investing Rs. 50,000. After six ...
Calculation of Simran's share in the profit:
- Simran's investment = Rs. 50,000
- Nanda's investment = Rs. 80,000
- Total investment for 3 years = Rs. 50,000 + Rs. 80,000 = Rs. 1,30,000

Calculating profit-sharing ratio:
- Simran's share = Rs. 50,000 * 36 = Rs. 6,0000
- Nanda's share = Rs. 80,000 * 36 = Rs. 96,000
- Simran's profit-sharing ratio = Rs. 60,000 : Rs. 96,000 = 5 : 8

Calculating Simran's share in the profit:
- Total profit = Rs. 24,500
- Simran's share = (5/13) * Rs. 24,500 = Rs. 10,500
Therefore, Simran's share in the profit is Rs. 10,500.
Explore Courses for Quant exam
Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?a)Rs. 9,423b)Rs. 10,250c)Rs. 12,500d)Rs. 10,500Correct answer is option 'D'. Can you explain this answer?
Question Description
Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?a)Rs. 9,423b)Rs. 10,250c)Rs. 12,500d)Rs. 10,500Correct answer is option 'D'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?a)Rs. 9,423b)Rs. 10,250c)Rs. 12,500d)Rs. 10,500Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?a)Rs. 9,423b)Rs. 10,250c)Rs. 12,500d)Rs. 10,500Correct answer is option 'D'. Can you explain this answer?.
Solutions for Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?a)Rs. 9,423b)Rs. 10,250c)Rs. 12,500d)Rs. 10,500Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant. Download more important topics, notes, lectures and mock test series for Quant Exam by signing up for free.
Here you can find the meaning of Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?a)Rs. 9,423b)Rs. 10,250c)Rs. 12,500d)Rs. 10,500Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?a)Rs. 9,423b)Rs. 10,250c)Rs. 12,500d)Rs. 10,500Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?a)Rs. 9,423b)Rs. 10,250c)Rs. 12,500d)Rs. 10,500Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?a)Rs. 9,423b)Rs. 10,250c)Rs. 12,500d)Rs. 10,500Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Simran started a software business by investing Rs. 50,000. After six months, Nanda joined her with a capital of Rs. 80,000. After 3 years, they earned a profit of Rs. 24,500. What was Simran's share in the profit?a)Rs. 9,423b)Rs. 10,250c)Rs. 12,500d)Rs. 10,500Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice Quant tests.
Explore Courses for Quant exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev