3 friends started invested in the company. Friend A invested 60,000 for 4 months. After this, he additionally invested 20,000 extra for the rest of the year. Friend B invested in the company after 6 months and the amount he invested was 50,000. Friend C invested 1,00,000 for the first 7 months after which he took out 40,000. How much money will C receive at the end of a year if the total profit of the company is 1,09,00,000?Correct answer is '5000000'. Can you explain this answer?

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3 friends started invested in the company. Friend A invested 60,000 for 4 months. After this, he additionally invested 20,000 extra for the rest of the year. Friend B invested in the company after 6 months and the amount he invested was 50,000. Friend C invested 1,00,000 for the first 7 months after which he took out 40,000. How much money will C receive at the end of a year if the total profit of the company is 1,09,00,000?

Correct answer is '5000000'. Can you explain this answer?

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3 friends started invested in the company. Friend A invested 60,000 fo...

Profit received is proportional to the money and time invested for the company.
For A the product of time and money for a year will be = (60,000 × 4) + (80, 000 × 8) = 240,000 + 6,40,000 = 8,80,000
For B the product of time and money for a year will be = (50,000 × 6) = 3,00,000
For C the product of time and money for a year will be = (1,00,000×7)+(60,000 × 5) = 10,00,000
Ratio of Profit for A:B:C will be = 8,80,000:3,00,000:10,00,000
Ratio of Profit for A:B:C will be = 44:15:50
Fraction of money recieved by C

Amount received

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3 friends started invested in the company. Friend A invested 60,000 for 4 months. After this, he additionally invested 20,000 extra for the rest of the year. Friend B invested in the company after 6 months and the amount he invested was 50,000. Friend C invested 1,00,000 for the first 7 months after which he took out 40,000. How much money will C receive at the end of a year if the total profit of the company is 1,09,00,000?Correct answer is '5000000'. 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 3 friends started invested in the company. Friend A invested 60,000 for 4 months. After this, he additionally invested 20,000 extra for the rest of the year. Friend B invested in the company after 6 months and the amount he invested was 50,000. Friend C invested 1,00,000 for the first 7 months after which he took out 40,000. How much money will C receive at the end of a year if the total profit of the company is 1,09,00,000?Correct answer is '5000000'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 3 friends started invested in the company. Friend A invested 60,000 for 4 months. After this, he additionally invested 20,000 extra for the rest of the year. Friend B invested in the company after 6 months and the amount he invested was 50,000. Friend C invested 1,00,000 for the first 7 months after which he took out 40,000. How much money will C receive at the end of a year if the total profit of the company is 1,09,00,000?Correct answer is '5000000'. Can you explain this answer?.

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