Question : Ramesh started a business investing a sum of INR 40,000. Six months later, Kevin joined by investing INR 20,000. If they make a profit of INR 10,000 at the end of the year, how much is the share of Kevin?

Option 1: INR 2,000

Option 2: INR 4,000

Option 3: INR 3,000

Option 4: INR 2,500


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: INR 2,000


Solution : Ramesh's investment = INR 40000
Ramesh's period of investment = 12 months
Kevin's investment = INR 20000
Kevin's period of investment = 6 months
Total profit at the end of the year = INR 10000
We know that,
Profit = capital invested × time
Ratio of their profit = (40000 × 12) ∶ (20000 × 6)
= 480000 ∶ 120000
= 4 ∶ 1
Ramesh's profit = $4x$
Kevin's profit = $x$
Total profit = $4x + x$
⇒ $5x = 10000$
⇒ $x = 2000$
Hence, the correct answer is INR 2,000.

SSC CGL Complete Guide

Candidates can download this ebook to know all about SSC CGL.

Download EBook

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books