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Direction: Read the following information and answer the question given below.
- Ambani, Premji, Hinduja and Mittal started a business by investing initially in the ratio 5: 9: 7: 6 and after 1st year Premji withdrew 33(1/3) % of his initial investment.
- After 1st year Hinduja, Ambani and Mittal invested additional amounts in the ratio 7:12:15.
- Additional investments of Ambani after 1st year was 75% of his additional investment after 2nd year and the additional investment of Premji after 2nd year was equal to his initial investment and after 2nd year Hinduja and Mittal withdrew some parts of their investment in the ratio 4:5.
- After 3rd year the ratio of additional investments of Ambani and Premji was 3:2 and Hinduja and Mittal withdrew parts of their investments in the ratio 1:2 respectively and they continued business at any point of time they shared profit in the ratio of investment considering time of investment.
If the initial investment of Premji was Rs.9000 and the additional investment of Mittal at the end of 1st year was 25% more than his initial investment and the ratio of additional investment by Hinduja at the end of 1st year to the amount withdrawn by Mittal at the end of 2nd year was 7:5, then what was the total profit at the end of 3rd year, if profit of Ambani at the end of 3rd year was Rs.21000?
  • a)
    Rs.72900
  • b)
    Rs.90000
  • c)
    Rs.83000
  • d)
    Rs.25000
  • e)
    Rs.60000
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Direction: Read the following information and answer the question giv...
Let the initial investments of Ambani, Premji, Hinduja and Mittal be 5a,9a,7a and 6a
We, know that,
9a = 9000
a = 1000
So, investments of Ambani, Premji, Hinduja and Mittal for first year Rs.5000, Rs.9000, Rs.7000 and Rs.6000 respectively.
After 1st year Premji withdrew 33(1/3)% of his initial investment.
Investment of Premji for 2nd year = (2/3) × 9000 = 6000
Let the additional investments of Hinduja, Ambani and Mittal after 1st year be 7b,12b and 15b respectively,
But 15b = 1.25×6000 = 7500
b = 500
So, additional investments of Hinduja, Ambani and Mittal after 1st year are Rs.3500, Rs.6000 and Rs.7500.
So, investments of Ambani, Premji, Hinduja and Mittal for 2nd year Rs.11000, Rs.6000, Rs.10500 and Rs.13500 respectively.
Additional investment of Ambani after 2nd year = (100/75) × 6000 = Rs.8000
Additional investment of Premji after 2nd year = 9000
Let amounts withdrawn by Hinduja and Mittal after 2nd year be 4c and 5c respectively.
Investment of Hinduja after 1st year : Amount withdrawn by Mittal at the end 2nd year = 7:5
3500 : 5c =7 : 5
5c = 2500
c = 500
Amounts withdrawn by Hinduja and Mittal after 2nd year are Rs.2000 and Rs.2500 respectively.
So, investments of Ambani, Premji, Hinduja and Mittal for 3rd year Rs.19000, Rs.15000, Rs.8500 and Rs.11000 respectively.
Ratio of investments of Ambani, Premji, Hinduja and Mittal considering time as well
= (5000 +11000 +19000) : (9000 +6000 +15000) : (7000 +10500 +8500) : (6000 +13500 +11000)
= 350 : 300 : 260 : 305
= 70 : 60 : 52 : 61
Let the total profit be P
(70/243) × P = 21000
P = 300×243 = Rs.72900
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Most Upvoted Answer
Direction: Read the following information and answer the question giv...

Given Information:
- Initial investment ratio: Ambani:Premji:Hinduja:Mittal = 5:9:7:6
- Premji withdrew 33(1/3)% after 1st year
- Hinduja, Ambani, and Mittal invested additional amounts in the ratio 7:12:15 after the 1st year
- Ambani's additional investment after 1st year was 75% of his additional investment after 2nd year
- Premji's additional investment after 2nd year was equal to his initial investment
- Hinduja and Mittal withdrew some parts of their investment in the ratio 4:5 after 2nd year
- Ratio of additional investments of Ambani and Premji after 3rd year was 3:2
- Hinduja and Mittal withdrew parts of their investments in the ratio 1:2 after 3rd year
- Profit of Ambani at the end of 3rd year was Rs.21000

Calculations:
1. Initial investment of Premji = Rs.9000
2. Additional investment of Mittal after 1st year = 1.25 * Mittal's initial investment
3. Ratio of additional investment by Hinduja at the end of 1st year to the amount withdrawn by Mittal at the end of 2nd year = 7:5

Solution:
- Let's calculate the investments of all partners at the end of each year based on the given ratios and information provided
- Determine the profit-sharing ratio based on the total investments of each partner
- Calculate the total profit at the end of the 3rd year using the profit-sharing ratio

Therefore, the total profit at the end of the 3rd year is Rs.72900.
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Direction: Read the following information and answer the question given below.- Ambani, Premji, Hinduja and Mittal started a business by investing initially in the ratio 5: 9: 7: 6 and after 1st year Premji withdrew 33(1/3) % of his initial investment.- After 1st year Hinduja, Ambani and Mittal invested additional amounts in the ratio 7:12:15.- Additional investments of Ambani after 1st year was 75% of his additional investment after 2nd year and the additional investment of Premji after 2nd year was equal to his initial investment and after 2nd year Hinduja and Mittal withdrew some parts of their investment in the ratio 4:5.- After 3rd year the ratio of additional investments of Ambani and Premji was 3:2 and Hinduja and Mittal withdrew parts of their investments in the ratio 1:2 respectively and they continued business at any point of time they shared profit in the ratio of investment considering time of investment.If the initial investment of Premji was Rs.9000 and the additional investment of Mittal at the end of 1st year was 25% more than his initial investment and the ratio of additional investment by Hinduja at the end of 1st year to the amount withdrawn by Mittal at the end of 2nd year was 7:5, then what was the total profit at the end of 3rd year, if profit of Ambani at the end of 3rd year was Rs.21000?a)Rs.72900b)Rs.90000c)Rs.83000d)Rs.25000e)Rs.60000Correct answer is option 'A'. Can you explain this answer?
Question Description
Direction: Read the following information and answer the question given below.- Ambani, Premji, Hinduja and Mittal started a business by investing initially in the ratio 5: 9: 7: 6 and after 1st year Premji withdrew 33(1/3) % of his initial investment.- After 1st year Hinduja, Ambani and Mittal invested additional amounts in the ratio 7:12:15.- Additional investments of Ambani after 1st year was 75% of his additional investment after 2nd year and the additional investment of Premji after 2nd year was equal to his initial investment and after 2nd year Hinduja and Mittal withdrew some parts of their investment in the ratio 4:5.- After 3rd year the ratio of additional investments of Ambani and Premji was 3:2 and Hinduja and Mittal withdrew parts of their investments in the ratio 1:2 respectively and they continued business at any point of time they shared profit in the ratio of investment considering time of investment.If the initial investment of Premji was Rs.9000 and the additional investment of Mittal at the end of 1st year was 25% more than his initial investment and the ratio of additional investment by Hinduja at the end of 1st year to the amount withdrawn by Mittal at the end of 2nd year was 7:5, then what was the total profit at the end of 3rd year, if profit of Ambani at the end of 3rd year was Rs.21000?a)Rs.72900b)Rs.90000c)Rs.83000d)Rs.25000e)Rs.60000Correct answer is option 'A'. 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 Direction: Read the following information and answer the question given below.- Ambani, Premji, Hinduja and Mittal started a business by investing initially in the ratio 5: 9: 7: 6 and after 1st year Premji withdrew 33(1/3) % of his initial investment.- After 1st year Hinduja, Ambani and Mittal invested additional amounts in the ratio 7:12:15.- Additional investments of Ambani after 1st year was 75% of his additional investment after 2nd year and the additional investment of Premji after 2nd year was equal to his initial investment and after 2nd year Hinduja and Mittal withdrew some parts of their investment in the ratio 4:5.- After 3rd year the ratio of additional investments of Ambani and Premji was 3:2 and Hinduja and Mittal withdrew parts of their investments in the ratio 1:2 respectively and they continued business at any point of time they shared profit in the ratio of investment considering time of investment.If the initial investment of Premji was Rs.9000 and the additional investment of Mittal at the end of 1st year was 25% more than his initial investment and the ratio of additional investment by Hinduja at the end of 1st year to the amount withdrawn by Mittal at the end of 2nd year was 7:5, then what was the total profit at the end of 3rd year, if profit of Ambani at the end of 3rd year was Rs.21000?a)Rs.72900b)Rs.90000c)Rs.83000d)Rs.25000e)Rs.60000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the following information and answer the question given below.- Ambani, Premji, Hinduja and Mittal started a business by investing initially in the ratio 5: 9: 7: 6 and after 1st year Premji withdrew 33(1/3) % of his initial investment.- After 1st year Hinduja, Ambani and Mittal invested additional amounts in the ratio 7:12:15.- Additional investments of Ambani after 1st year was 75% of his additional investment after 2nd year and the additional investment of Premji after 2nd year was equal to his initial investment and after 2nd year Hinduja and Mittal withdrew some parts of their investment in the ratio 4:5.- After 3rd year the ratio of additional investments of Ambani and Premji was 3:2 and Hinduja and Mittal withdrew parts of their investments in the ratio 1:2 respectively and they continued business at any point of time they shared profit in the ratio of investment considering time of investment.If the initial investment of Premji was Rs.9000 and the additional investment of Mittal at the end of 1st year was 25% more than his initial investment and the ratio of additional investment by Hinduja at the end of 1st year to the amount withdrawn by Mittal at the end of 2nd year was 7:5, then what was the total profit at the end of 3rd year, if profit of Ambani at the end of 3rd year was Rs.21000?a)Rs.72900b)Rs.90000c)Rs.83000d)Rs.25000e)Rs.60000Correct answer is option 'A'. Can you explain this answer?.
Solutions for Direction: Read the following information and answer the question given below.- Ambani, Premji, Hinduja and Mittal started a business by investing initially in the ratio 5: 9: 7: 6 and after 1st year Premji withdrew 33(1/3) % of his initial investment.- After 1st year Hinduja, Ambani and Mittal invested additional amounts in the ratio 7:12:15.- Additional investments of Ambani after 1st year was 75% of his additional investment after 2nd year and the additional investment of Premji after 2nd year was equal to his initial investment and after 2nd year Hinduja and Mittal withdrew some parts of their investment in the ratio 4:5.- After 3rd year the ratio of additional investments of Ambani and Premji was 3:2 and Hinduja and Mittal withdrew parts of their investments in the ratio 1:2 respectively and they continued business at any point of time they shared profit in the ratio of investment considering time of investment.If the initial investment of Premji was Rs.9000 and the additional investment of Mittal at the end of 1st year was 25% more than his initial investment and the ratio of additional investment by Hinduja at the end of 1st year to the amount withdrawn by Mittal at the end of 2nd year was 7:5, then what was the total profit at the end of 3rd year, if profit of Ambani at the end of 3rd year was Rs.21000?a)Rs.72900b)Rs.90000c)Rs.83000d)Rs.25000e)Rs.60000Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
Here you can find the meaning of Direction: Read the following information and answer the question given below.- Ambani, Premji, Hinduja and Mittal started a business by investing initially in the ratio 5: 9: 7: 6 and after 1st year Premji withdrew 33(1/3) % of his initial investment.- After 1st year Hinduja, Ambani and Mittal invested additional amounts in the ratio 7:12:15.- Additional investments of Ambani after 1st year was 75% of his additional investment after 2nd year and the additional investment of Premji after 2nd year was equal to his initial investment and after 2nd year Hinduja and Mittal withdrew some parts of their investment in the ratio 4:5.- After 3rd year the ratio of additional investments of Ambani and Premji was 3:2 and Hinduja and Mittal withdrew parts of their investments in the ratio 1:2 respectively and they continued business at any point of time they shared profit in the ratio of investment considering time of investment.If the initial investment of Premji was Rs.9000 and the additional investment of Mittal at the end of 1st year was 25% more than his initial investment and the ratio of additional investment by Hinduja at the end of 1st year to the amount withdrawn by Mittal at the end of 2nd year was 7:5, then what was the total profit at the end of 3rd year, if profit of Ambani at the end of 3rd year was Rs.21000?a)Rs.72900b)Rs.90000c)Rs.83000d)Rs.25000e)Rs.60000Correct answer is option 'A'. 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Besides giving the explanation of Direction: Read the following information and answer the question given below.- Ambani, Premji, Hinduja and Mittal started a business by investing initially in the ratio 5: 9: 7: 6 and after 1st year Premji withdrew 33(1/3) % of his initial investment.- After 1st year Hinduja, Ambani and Mittal invested additional amounts in the ratio 7:12:15.- Additional investments of Ambani after 1st year was 75% of his additional investment after 2nd year and the additional investment of Premji after 2nd year was equal to his initial investment and after 2nd year Hinduja and Mittal withdrew some parts of their investment in the ratio 4:5.- After 3rd year the ratio of additional investments of Ambani and Premji was 3:2 and Hinduja and Mittal withdrew parts of their investments in the ratio 1:2 respectively and they continued business at any point of time they shared profit in the ratio of investment considering time of investment.If the initial investment of Premji was Rs.9000 and the additional investment of Mittal at the end of 1st year was 25% more than his initial investment and the ratio of additional investment by Hinduja at the end of 1st year to the amount withdrawn by Mittal at the end of 2nd year was 7:5, then what was the total profit at the end of 3rd year, if profit of Ambani at the end of 3rd year was Rs.21000?a)Rs.72900b)Rs.90000c)Rs.83000d)Rs.25000e)Rs.60000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Direction: Read the following information and answer the question given below.- Ambani, Premji, Hinduja and Mittal started a business by investing initially in the ratio 5: 9: 7: 6 and after 1st year Premji withdrew 33(1/3) % of his initial investment.- After 1st year Hinduja, Ambani and Mittal invested additional amounts in the ratio 7:12:15.- Additional investments of Ambani after 1st year was 75% of his additional investment after 2nd year and the additional investment of Premji after 2nd year was equal to his initial investment and after 2nd year Hinduja and Mittal withdrew some parts of their investment in the ratio 4:5.- After 3rd year the ratio of additional investments of Ambani and Premji was 3:2 and Hinduja and Mittal withdrew parts of their investments in the ratio 1:2 respectively and they continued business at any point of time they shared profit in the ratio of investment considering time of investment.If the initial investment of Premji was Rs.9000 and the additional investment of Mittal at the end of 1st year was 25% more than his initial investment and the ratio of additional investment by Hinduja at the end of 1st year to the amount withdrawn by Mittal at the end of 2nd year was 7:5, then what was the total profit at the end of 3rd year, if profit of Ambani at the end of 3rd year was Rs.21000?a)Rs.72900b)Rs.90000c)Rs.83000d)Rs.25000e)Rs.60000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Direction: Read the following information and answer the question given below.- Ambani, Premji, Hinduja and Mittal started a business by investing initially in the ratio 5: 9: 7: 6 and after 1st year Premji withdrew 33(1/3) % of his initial investment.- After 1st year Hinduja, Ambani and Mittal invested additional amounts in the ratio 7:12:15.- Additional investments of Ambani after 1st year was 75% of his additional investment after 2nd year and the additional investment of Premji after 2nd year was equal to his initial investment and after 2nd year Hinduja and Mittal withdrew some parts of their investment in the ratio 4:5.- After 3rd year the ratio of additional investments of Ambani and Premji was 3:2 and Hinduja and Mittal withdrew parts of their investments in the ratio 1:2 respectively and they continued business at any point of time they shared profit in the ratio of investment considering time of investment.If the initial investment of Premji was Rs.9000 and the additional investment of Mittal at the end of 1st year was 25% more than his initial investment and the ratio of additional investment by Hinduja at the end of 1st year to the amount withdrawn by Mittal at the end of 2nd year was 7:5, then what was the total profit at the end of 3rd year, if profit of Ambani at the end of 3rd year was Rs.21000?a)Rs.72900b)Rs.90000c)Rs.83000d)Rs.25000e)Rs.60000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Direction: Read the following information and answer the question given below.- Ambani, Premji, Hinduja and Mittal started a business by investing initially in the ratio 5: 9: 7: 6 and after 1st year Premji withdrew 33(1/3) % of his initial investment.- After 1st year Hinduja, Ambani and Mittal invested additional amounts in the ratio 7:12:15.- Additional investments of Ambani after 1st year was 75% of his additional investment after 2nd year and the additional investment of Premji after 2nd year was equal to his initial investment and after 2nd year Hinduja and Mittal withdrew some parts of their investment in the ratio 4:5.- After 3rd year the ratio of additional investments of Ambani and Premji was 3:2 and Hinduja and Mittal withdrew parts of their investments in the ratio 1:2 respectively and they continued business at any point of time they shared profit in the ratio of investment considering time of investment.If the initial investment of Premji was Rs.9000 and the additional investment of Mittal at the end of 1st year was 25% more than his initial investment and the ratio of additional investment by Hinduja at the end of 1st year to the amount withdrawn by Mittal at the end of 2nd year was 7:5, then what was the total profit at the end of 3rd year, if profit of Ambani at the end of 3rd year was Rs.21000?a)Rs.72900b)Rs.90000c)Rs.83000d)Rs.25000e)Rs.60000Correct answer is option 'A'. 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