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 A,B and C jointly engaged in a business. It was agreed that A would invest Rs. 6500 for 6months, B Rs.8400 for 5 months and C Rs.10000 for 3months. A wants to be a working partner and he was to receive 5% of the profits. The profit earned was Rs.7400. Calculate share of C.
  • a)
    Rs.1700
  • b)
    Rs.1900
  • c)
    Rs.2300
  • d)
    Rs.2000
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
A,B and C jointly engaged in a business. It was agreed that A would in...
Answer  – B)Rs.1900 Solution: A received 5% of the profits i.e. 5% of 7400= Rs.370 Remaining= 7400-370= Rs.7030 Ratio of investments: 6500*6 : 8400*5 : 10000*3 Ratio= 13:14:10, Share of C= (10/37)*7030=Rs.1900
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A,B and C jointly engaged in a business. It was agreed that A would invest Rs. 6500 for 6months, B Rs.8400 for 5 months and C Rs.10000 for 3months. A wants to be a working partner and he was to receive 5% of the profits. The profit earned was Rs.7400. Calculate share of C.a)Rs.1700b)Rs.1900c)Rs.2300d)Rs.2000Correct answer is option 'B'. Can you explain this answer?
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A,B and C jointly engaged in a business. It was agreed that A would invest Rs. 6500 for 6months, B Rs.8400 for 5 months and C Rs.10000 for 3months. A wants to be a working partner and he was to receive 5% of the profits. The profit earned was Rs.7400. Calculate share of C.a)Rs.1700b)Rs.1900c)Rs.2300d)Rs.2000Correct 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 engaged in a business. It was agreed that A would invest Rs. 6500 for 6months, B Rs.8400 for 5 months and C Rs.10000 for 3months. A wants to be a working partner and he was to receive 5% of the profits. The profit earned was Rs.7400. Calculate share of C.a)Rs.1700b)Rs.1900c)Rs.2300d)Rs.2000Correct 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 engaged in a business. It was agreed that A would invest Rs. 6500 for 6months, B Rs.8400 for 5 months and C Rs.10000 for 3months. A wants to be a working partner and he was to receive 5% of the profits. The profit earned was Rs.7400. Calculate share of C.a)Rs.1700b)Rs.1900c)Rs.2300d)Rs.2000Correct answer is option 'B'. Can you explain this answer?.
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