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A, B and C jointly start a business venture with a agreement that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profits. The profit earned was Rs. 14800 Calculate the share of B in the profit?
- a)Rs 6000
- b)Rs 5320
- c)Rs 7800
- d)Rs 5840
- e)None of these
Correct answer is option 'B'. Can you explain this answer?
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A, B and C jointly start a business venture with a agreement that A wo...
Answer – B (Rs 5320) Explanation – For managing, A receives = 5% of Rs. 14800 = Rs. 740.
Balance = Rs. (14800 – 740) = Rs. 14060 Ratio of their investments = (13000 x 6) : (16,800 x 5) : (20000 x 3) = 78000 : 84000 : 60000 = 13 : 14 : 10
B’s share = Rs.14060 x 14/37 = 5320
Balance = Rs. (14800 – 740) = Rs. 14060 Ratio of their investments = (13000 x 6) : (16,800 x 5) : (20000 x 3) = 78000 : 84000 : 60000 = 13 : 14 : 10
B’s share = Rs.14060 x 14/37 = 5320
Most Upvoted Answer
A, B and C jointly start a business venture with a agreement that A wo...
Given:
- A invests Rs. 13,000 for 6 months
- B invests Rs. 16,800 for 5 months
- C invests Rs. 20,000 for 3 months
- A is the working member and receives 5% of the profits
- The total profit earned is Rs. 14,800
To find:
- Share of B in the profit
Solution:
Step 1: Calculate the total investment made by A, B, and C
- A's investment = Rs. 13,000 x 6 = Rs. 78,000
- B's investment = Rs. 16,800 x 5 = Rs. 84,000
- C's investment = Rs. 20,000 x 3 = Rs. 60,000
Step 2: Calculate the profit share of A
- A's profit share = (5/100) x Rs. 14,800 = Rs. 740
Step 3: Calculate the remaining profit after deducting A's share
- Remaining profit = Rs. 14,800 - Rs. 740 = Rs. 14,060
Step 4: Calculate the profit ratio of B and C based on their investments
- B's profit ratio = B's investment / Total investment = Rs. 84,000 / (Rs. 78,000 + Rs. 84,000 + Rs. 60,000)
= Rs. 84,000 / Rs. 2,22,000
= 0.3784 (approx.)
- C's profit ratio = C's investment / Total investment = Rs. 60,000 / (Rs. 78,000 + Rs. 84,000 + Rs. 60,000)
= Rs. 60,000 / Rs. 2,22,000
= 0.2703 (approx.)
Step 5: Calculate the profit share of B
- B's profit share = B's profit ratio x Remaining profit = 0.3784 x Rs. 14,060
= Rs. 5,320
Therefore, the share of B in the profit is Rs. 5,320. Hence, option B is the correct answer.
- A invests Rs. 13,000 for 6 months
- B invests Rs. 16,800 for 5 months
- C invests Rs. 20,000 for 3 months
- A is the working member and receives 5% of the profits
- The total profit earned is Rs. 14,800
To find:
- Share of B in the profit
Solution:
Step 1: Calculate the total investment made by A, B, and C
- A's investment = Rs. 13,000 x 6 = Rs. 78,000
- B's investment = Rs. 16,800 x 5 = Rs. 84,000
- C's investment = Rs. 20,000 x 3 = Rs. 60,000
Step 2: Calculate the profit share of A
- A's profit share = (5/100) x Rs. 14,800 = Rs. 740
Step 3: Calculate the remaining profit after deducting A's share
- Remaining profit = Rs. 14,800 - Rs. 740 = Rs. 14,060
Step 4: Calculate the profit ratio of B and C based on their investments
- B's profit ratio = B's investment / Total investment = Rs. 84,000 / (Rs. 78,000 + Rs. 84,000 + Rs. 60,000)
= Rs. 84,000 / Rs. 2,22,000
= 0.3784 (approx.)
- C's profit ratio = C's investment / Total investment = Rs. 60,000 / (Rs. 78,000 + Rs. 84,000 + Rs. 60,000)
= Rs. 60,000 / Rs. 2,22,000
= 0.2703 (approx.)
Step 5: Calculate the profit share of B
- B's profit share = B's profit ratio x Remaining profit = 0.3784 x Rs. 14,060
= Rs. 5,320
Therefore, the share of B in the profit is Rs. 5,320. Hence, option B is the correct answer.
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A, B and C jointly start a business venture with a agreement that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profits. The profit earned was Rs. 14800 Calculate the share of B in the profit?a)Rs 6000b)Rs 5320c)Rs 7800d)Rs 5840e)None of theseCorrect answer is option 'B'. Can you explain this answer?
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A, B and C jointly start a business venture with a agreement that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profits. The profit earned was Rs. 14800 Calculate the share of B in the profit?a)Rs 6000b)Rs 5320c)Rs 7800d)Rs 5840e)None of theseCorrect answer is option 'B'. 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 A, B and C jointly start a business venture with a agreement that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profits. The profit earned was Rs. 14800 Calculate the share of B in the profit?a)Rs 6000b)Rs 5320c)Rs 7800d)Rs 5840e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C jointly start a business venture with a agreement that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profits. The profit earned was Rs. 14800 Calculate the share of B in the profit?a)Rs 6000b)Rs 5320c)Rs 7800d)Rs 5840e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
A, B and C jointly start a business venture with a agreement that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profits. The profit earned was Rs. 14800 Calculate the share of B in the profit?a)Rs 6000b)Rs 5320c)Rs 7800d)Rs 5840e)None of theseCorrect answer is option 'B'. 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 A, B and C jointly start a business venture with a agreement that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profits. The profit earned was Rs. 14800 Calculate the share of B in the profit?a)Rs 6000b)Rs 5320c)Rs 7800d)Rs 5840e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C jointly start a business venture with a agreement that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profits. The profit earned was Rs. 14800 Calculate the share of B in the profit?a)Rs 6000b)Rs 5320c)Rs 7800d)Rs 5840e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
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ample number of questions to practice A, B and C jointly start a business venture with a agreement that A would invest Rs. 13,000 for 6 months, B, Rs. 16,800 for 5 months and C, Rs. 20,000 for 3 months. A wants to be the working member for which he was to receive 5% of the profits. The profit earned was Rs. 14800 Calculate the share of B in the profit?a)Rs 6000b)Rs 5320c)Rs 7800d)Rs 5840e)None of theseCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Quant tests.
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