SSC CGL Exam > SSC CGL Questions > A and B start a business with Rs. 16,000 and ...
Start Learning for Free
A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.?
Most Upvoted Answer
A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. ...
Total Investment and Time Contribution
- A's initial investment: Rs. 16,000 for 6 months (0 to 3 months + 3 to 6 months)
- A's investment after withdrawal: Rs. 11,000 for 3 months (after 3 months)
- B's initial investment: Rs. 15,000 for 6 months (0 to 3 months + 3 to 6 months)
- B's investment after addition: Rs. 20,000 for 3 months (after 3 months)
- C's investment: Rs. 21,000 for 3 months (only from 6 to 9 months)
Calculating Capital Contribution
- A's contribution:
16,000 * 6 + 11,000 * 3 = 96,000 + 33,000 = Rs. 1,29,000
- B's contribution:
15,000 * 6 + 20,000 * 3 = 90,000 + 60,000 = Rs. 1,50,000
- C's contribution:
21,000 * 3 = Rs. 63,000
Total Capital Contribution
- Total contribution = A's contribution + B's contribution + C's contribution
= 1,29,000 + 1,50,000 + 63,000 = Rs. 3,42,000
Profit Sharing Ratio
- A's share = 1,29,000 / 3,42,000
- B's share = 1,50,000 / 3,42,000
- C's share = 63,000 / 3,42,000
Calculating C's Share of the Profit
- Total profit = Rs. 24,900
- C's share = (C's contribution / Total contribution) * Total profit
= (63,000 / 3,42,000) * 24,900
- C's share = (63 / 342) * 24,900 ≈ Rs. 6,600
Conclusion
C's share of the profit is Rs. 6,600.
- A's initial investment: Rs. 16,000 for 6 months (0 to 3 months + 3 to 6 months)
- A's investment after withdrawal: Rs. 11,000 for 3 months (after 3 months)
- B's initial investment: Rs. 15,000 for 6 months (0 to 3 months + 3 to 6 months)
- B's investment after addition: Rs. 20,000 for 3 months (after 3 months)
- C's investment: Rs. 21,000 for 3 months (only from 6 to 9 months)
Calculating Capital Contribution
- A's contribution:
16,000 * 6 + 11,000 * 3 = 96,000 + 33,000 = Rs. 1,29,000
- B's contribution:
15,000 * 6 + 20,000 * 3 = 90,000 + 60,000 = Rs. 1,50,000
- C's contribution:
21,000 * 3 = Rs. 63,000
Total Capital Contribution
- Total contribution = A's contribution + B's contribution + C's contribution
= 1,29,000 + 1,50,000 + 63,000 = Rs. 3,42,000
Profit Sharing Ratio
- A's share = 1,29,000 / 3,42,000
- B's share = 1,50,000 / 3,42,000
- C's share = 63,000 / 3,42,000
Calculating C's Share of the Profit
- Total profit = Rs. 24,900
- C's share = (C's contribution / Total contribution) * Total profit
= (63,000 / 3,42,000) * 24,900
- C's share = (63 / 342) * 24,900 ≈ Rs. 6,600
Conclusion
C's share of the profit is Rs. 6,600.
Attention SSC CGL Students!
To make sure you are not studying endlessly, EduRev has designed SSC CGL study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in SSC CGL.
|
Explore Courses for SSC CGL exam
|
|
Similar SSC CGL Doubts
Top Courses for SSC CGLView all
A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.?
Question Description
A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.?.
A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.? for SSC CGL 2024 is part of SSC CGL preparation. The Question and answers have been prepared according to the SSC CGL exam syllabus. Information about A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.? covers all topics & solutions for SSC CGL 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.?.
Solutions for A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.? in English & in Hindi are available as part of our courses for SSC CGL.
Download more important topics, notes, lectures and mock test series for SSC CGL Exam by signing up for free.
Here you can find the meaning of A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.? defined & explained in the simplest way possible. Besides giving the explanation of
A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.?, a detailed solution for A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.? has been provided alongside types of A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.? theory, EduRev gives you an
ample number of questions to practice A and B start a business with Rs. 16,000 and Rs. 15,000 respectively. After 3 months, A withdraw Rs. 5,000 and B invest Rs. 5,000 more. C joined the business with Rs. 21,000 next after 3 months. If total profit is Rs. 24,900, then find share of C. Options are Rs. 6,400, Rs. 6,600, and Rs. 6,300.? tests, examples and also practice SSC CGL tests.
|
|
Explore Courses for SSC CGL exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup