Banking Sample Paper IBPS PO (Main) Sample Test Paper-2

  • question_answer
    Direction: Study the following information carefully and answer the given questions.
    Give answer
    Rajesh, Rakesh, Raman and Raghu entered into a partnership for a period of one year. What is the difference between the profits earned by Raghu and Rakesh if the total profit is Rs. 9300?
    I. Rajesh and Rakesh started a business with a capital of Rs. 1500 and Rs. 2000 respectively. Raghu entered into the business after the end of 6 months with a capital \[\frac{6}{5}\] of that with which Rajesh Started.
    II. At the end of 8 months Rajesh increases his capital \[\frac{2}{5}\] of what he earlier invested and Raman joined the business at the end of 4 months with capital \[\frac{6}{5}\] of that of Rakesh.

    A)  if the data in statement I alone are sufficient to answer the question, while the data in statement II alone are not sufficient to answer the question.

    B)  if the data in statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.

    C)  if the data either in statement I alone or in statement II alone are sufficient to answer the question.

    D)  if the data in both statements I and II together are not sufficient to answer the question.

    E)  if the data in both statements I and II together are necessary to answer the question.

    Correct Answer: E

    Solution :

    From I and II. Capital of Rajesh \[=\{(1500\times 8)+(1500+1500\times \frac{2}{5})\times 4\}\] = Rs. 20400 Capital of Rakesh = Rs. 2000\[\times \]12 = Rs. 24000 Capital of Raghu\[=\frac{6}{5}\times 1500\times 6\] \[=1800\times 6=Rs.\,10800\] Capital of Raman\[=\frac{6}{5}\times 2000\times 8=Rs.\,19200\]
    Reqd profit = Rajesh: Rakesh: Raghu: Raman
    20400: 24000: 10800: 19200
       17  :    20   :     9   : 16
    Total \[62\equiv 9300\] \[\therefore \]\[11\equiv \frac{9300}{62}\times 11=150\times 11\] \[=11\times 150=Rs.\,1650\]


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