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Sumeeth and Pranav started a business with initial investments of 3000/- and 5000/- respectively. After 8 months, Sumeeth left the business. The business made a profit of 490/- at the end of the year. What is the share of Pranav?
  • a)
    70
  • b)
    350
  • c)
    140
  • d)
    210
Correct answer is option 'B'. Can you explain this answer?
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Sumeeth and Pranav started a business with initial investments of 3000...
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Sumeeth and Pranav started a business with initial investments of 3000...
Calculation of Pranav's share:
- Sumeeth's initial investment = 3000/-
- Pranav's initial investment = 5000/-
- Total initial investment = 3000 + 5000 = 8000/-

Ratio of investment:
- Sumeeth : Pranav = 3000 : 5000
- Sumeeth : Pranav = 3 : 5

Profit sharing ratio:
- Since Sumeeth left the business after 8 months, his share of profit will be calculated for 8 months.
- Pranav's share of profit for the entire year = 490 * 5/8 = 306.25/-

Pranav's share of profit:
- Pranav's share of profit = 306.25/- = 350/- (approx.)
Therefore, Pranav's share of profit at the end of the year is 350/-.
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Sumeeth and Pranav started a business with initial investments of 3000/- and 5000/- respectively. After 8 months, Sumeeth left the business. The business made a profit of 490/- at the end of the year. What is the share of Pranav?a)70b)350c)140d)210Correct answer is option 'B'. Can you explain this answer?
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Sumeeth and Pranav started a business with initial investments of 3000/- and 5000/- respectively. After 8 months, Sumeeth left the business. The business made a profit of 490/- at the end of the year. What is the share of Pranav?a)70b)350c)140d)210Correct answer is option 'B'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Sumeeth and Pranav started a business with initial investments of 3000/- and 5000/- respectively. After 8 months, Sumeeth left the business. The business made a profit of 490/- at the end of the year. What is the share of Pranav?a)70b)350c)140d)210Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sumeeth and Pranav started a business with initial investments of 3000/- and 5000/- respectively. After 8 months, Sumeeth left the business. The business made a profit of 490/- at the end of the year. What is the share of Pranav?a)70b)350c)140d)210Correct answer is option 'B'. Can you explain this answer?.
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