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Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firms Z Solutions, G Softwares and R Mindpoyver respectively for a decade. The friends decided to float a new software firm named XY Infotech in January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:
  • a)
    Rs. 1,75,500/-    
  • b)
    Rs. 1,35,000/-    
  • c)
    Rs. 1,39,500/-    
  • d)
    None of the above
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in so...
►Investment of Sanjay = 35000 x 12 = 420000/-
►Investment of Mritunjoy = 130000 x 6 = 780000/-
►Investment of Pranjoy = 75000 x 8 = 600000/-
►Ratio = 420000 : 780000 : 600000 = 7:13:10
►After Deducting 10% the remaining profit = 450000 x 0.9 = 405000
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Most Upvoted Answer
Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in so...
Total Profit Distribution
The total profit earned in 2010 is Rs. 4,50,000. Sujoy, Mritunjoy, and Paranjoy have different investment amounts and durations, which will affect their share of the profits.
Sujoy's Compensation
- Sujoy receives 10% of the total profit for his efforts in 2010.
- Calculation: 10% of Rs. 4,50,000 = Rs. 45,000.
Remaining Profit Distribution
- Remaining profit after Sujoy's share: Rs. 4,50,000 - Rs. 45,000 = Rs. 4,05,000.

Capital Contribution Calculation
- Sujoy's Contribution:
- Investment: Rs. 35,000 for 12 months
- Total contribution = 35,000 * 12 = Rs. 4,20,000.
- Mritunjoy's Contribution:
- Investment: Rs. 1,30,000 for 6 months
- Total contribution = 1,30,000 * 6 = Rs. 7,80,000.
- Paranjoy's Contribution:
- Investment: Rs. 75,000 for 8 months
- Total contribution = 75,000 * 8 = Rs. 6,00,000.
Total Contribution
- Total contribution = Sujoy's + Mritunjoy's + Paranjoy's
- Total = Rs. 4,20,000 + Rs. 7,80,000 + Rs. 6,00,000 = Rs. 18,00,000.
Profit Share Calculation
- Mritunjoy's Share:
- Share = 7,80,000 / 18,00,000 * 4,05,000 = Rs. 1,75,500.
- Paranjoy's Share:
- Share = 6,00,000 / 18,00,000 * 4,05,000 = Rs. 1,35,000.
Thus, Paranjoy earned a profit of Rs. 1,35,000, which corresponds to option 'B'.
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Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firms Z Solutions, G Softwares and R Mindpoyver respectively for a decade. The friends decided to float a new software firm named XY Infotech in January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/- b)Rs. 1,35,000/- c)Rs. 1,39,500/- d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
Question Description
Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firms Z Solutions, G Softwares and R Mindpoyver respectively for a decade. The friends decided to float a new software firm named XY Infotech in January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/- b)Rs. 1,35,000/- c)Rs. 1,39,500/- d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firms Z Solutions, G Softwares and R Mindpoyver respectively for a decade. The friends decided to float a new software firm named XY Infotech in January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/- b)Rs. 1,35,000/- c)Rs. 1,39,500/- d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firms Z Solutions, G Softwares and R Mindpoyver respectively for a decade. The friends decided to float a new software firm named XY Infotech in January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/- b)Rs. 1,35,000/- c)Rs. 1,39,500/- d)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/- b)Rs. 1,35,000/- c)Rs. 1,39,500/- d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firms Z Solutions, G Softwares and R Mindpoyver respectively for a decade. The friends decided to float a new software firm named XY Infotech in January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/- b)Rs. 1,35,000/- c)Rs. 1,39,500/- d)None of the aboveCorrect answer is option 'B'. 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Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/- b)Rs. 1,35,000/- c)Rs. 1,39,500/- d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firms Z Solutions, G Softwares and R Mindpoyver respectively for a decade. The friends decided to float a new software firm named XY Infotech in January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/- b)Rs. 1,35,000/- c)Rs. 1,39,500/- d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Sujoy, Mritunjoy and Paranjoy are three friends, who have worked in software firms Z Solutions, G Softwares and R Mindpoyver respectively for a decade. The friends decided to float a new software firm named XY Infotech in January 2010. However, due to certain compulsions, Mritunjoy and Paranjoy were not able to immediately join the start-up in the appointed time. It was decided between friends that Sujoy will be running the venture as the full time Director during 2010, and Mritunjoy and Paranjoy will be able to join the business only in January 2011. In order to compensate Sujoy for his efforts, it was decided that he will receive 10 percent of the profits and in the first year will invest lesser amount as compared to his friends. The remaining profit will be distributed among the friends in line with their contribution. Sujoy invested Rs. 35,000/- for 12 months, Mritunjoy invested Rs. 1,30,000/- for 6 months and Paranjoy invested Rs. 75,000/- for 8 months. If the total profit earned during 2010 was Rs. 4,50,000/-, then Paranjoy earned a profit of:a)Rs. 1,75,500/- b)Rs. 1,35,000/- c)Rs. 1,39,500/- d)None of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CAT tests.
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