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Manoj received Rs. 6000 as his share out of the total profit of Rs. 9000 which he and Ramesh earned at the end of one year. If Manoj invested Rs.120000 for 6 months, whereas Ramesh invested his amount for the whole year, what was the amount invested by Ramesh?

A.

Rs. 2000

B.

Rs. 3000

C.

Rs. 4000

D.

Rs. 5000

Answer with explanation

Answer: Option DExplanation

Suppose Ramesh invested Rs. x. Then,

Manoj : Ramesh = 20000 * 6 : x * 12.

120000/12x : 6000/3000

x = 120000/24 = 5000

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A, B and C invested amounts in the ratio 3 : 4 : 5 respectively. If the schemes offered compound interest at the rate of 20% per annum, 15% per annum and 10% per annum respectively, then what will be the ratio of their amounts after 1 year?

A.

6:6:5

B.

12:23:11

C.

36:46:55

D.

3:15:25

Answer with explanation

Answer: Option CExplanation

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A, B and C enter into a partnership and their shares are in the ratio 1/2 : 1/3 : 1/4. After 2 months, A withdraws half of his capital and after 10 months, a profit of Rs. 378 is divided among them. What is B’s share ?

A.

169

B.

225

C.

144

D.

339

Answer with explanation

Answer: Option CExplanation

Ratio of initial investments = 1/2 : 1/3 : 1/4 = 6 : 4 : 3.

Let their initial investments be 6x, 2x and 3x respectively.

A : B : C = (6x * 2 + 3x * 10) : (4x * 12) : (3x * 12) = 42 : 48 : 36 = 7 : 8 : 6.

B’s share = Rs. (378 * 8/21) = Rs. 144.

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Arun started a business investing Rs. 38000. After 5 months Bakul joined him with a capital of Rs. 55000. At the end of the year the total profit was Rs. 22000. What is the approximate difference between the share of profits Arun and Bakul ?

A.

Rs. 1007

B.

Rs. 1857

C.

Rs. 1568

D.

Rs. 1928

Answer with explanation

Answer: Option BExplanation

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Three partners A, B, C start a business. Twice A’s capital is equal to thrice B’s capital and B’s capital is four times C’s capital. Out of a total profit of Rs. 16,500 at the end of the year, B’s share is:

A.

Rs. 4000

B.

Rs. 5000

C.

Rs. 6000

D.

Rs. 7000

Answer with explanation

Answer: Option CExplanation

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P being a working partner gets 10% of the profit as salary, the remaining is shared between P, Q, R in the ratio 2 : 3 : 4, If P gets Rs. 300000, find the share of Q?

A.

Rs.200,000

B.

Rs.300,000

C.

Rs.400,000

D.

Rs.500,000

Answer with explanation

Answer: Option BExplanation

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X and Y enter into a partnership and invested Rs. 900 and Rs. 700 respectively. If they split half of the profit equally for their efforts and the balance in the ratio of their investments and X got Rs. 47 more than Y. what was the profit made by the company?

A.

Rs. 752

B.

Rs. 954

C.

Rs. 854

D.

Rs. 652

Answer with explanation

Answer: Option AExplanation

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A and B started a business by investing money in ratio of 5:6. C joined them after few months by sharing an amount equal to B’s share. At the end of year 20% profit was earned which was equal equal to Rs 98,000. How much money was invested by C ?

A.

215000

B.

172941

C.

172955

D.

172865

Answer with explanation

Answer: Option BExplanation

20%(5x+6x+6x)=98000

20%17x=98000

x=98000*5/17

=490000/17

money invested by c is =490000/17*6

2940000/17=172941rs

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A, B and C investment in a partnership in the ratio of 5: 6: 8. The ratio of their profit is 5 : 3: 12. Find the ratio of time for their investment?

A.

1:3:5

B.

2:1:3

C.

1:7:5

D.

4:3:5

Answer with explanation

Answer: Option BExplanation

Required Ratio = (5/5) : (3/6) : (12/8)

= 1 : (1/2) : (3/2)

= 2 : 1 : 3

Workspace

A.

Rs.4200

B.

Rs.3240

C.

Rs.3600

D.

Rs.3800

Answer with explanation

Answer: Option AExplanation

15:25 => 3:5

9600*10/100 = 960

9600 – 960 = 8640

8640*3/8 = 3240 + 960= 4200

Workspace

A.

3739.50

B.

3749.50

C.

2375.60

D.

3937.50

Answer with explanation

Answer: Option DExplanation

The investment ratio is: 125000: 85000

= 125:85

On dividing both sides by 5, we get 25:17

ATQ, 60% is divided equally, and the remaining 40% is shared on the investment ratio basis.

The difference between 40% of their profit is 300.

Let a number x

i.e., 25* x *(40/100) – 17*x *(40/100) = 300

(1000/100)* x – (680/100)*x =300

10x – (34/5)*x = 300

50x-34x = 1500

16x =1500

x= 93.75

Total profit means sum of ratios = 25x+17x = 42x

42*93.75 = 3937.50

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