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Banking Sample Paper SBI Clerk Grade (Main) Sample Test Paper-2

  • question_answer
    In a business, B invests half the amount invested by A. After 6 months from the start of the business, C joins the business with an amount equal to twice of B's investment. After 8 months from the start of the business B withdraws completely from the business. If at the end of the year, C's share in the profit was Rs. 2460, what was the total profit received that year?

    A)  Rs. 11200                    

    B)  Rs. 9600

    C)  Rs. 9020          

    D)  Rs. 12000

    E)  Rs. 12200

    Correct Answer: C

    Solution :

     Let B*s investment be Rs. x. \[\therefore \] A's investment = Rs. 2x \[\therefore \] C's investment = Rs. 2x Ratio of the equivalent capitals of A, B and C for 1 month             \[=2x\times 12:x\text{ }x\text{ }8:2x\times 6\]             \[=6:2:3\]             Sum of the terms of ratio             \[=6+2+3=11\] If the total profit at the end of the year be Rs. y, then \[\,\frac{3x}{11}=2460\] \[\Rightarrow 3x=2460\times 11\] \[\Rightarrow x=\frac{2460\times 11}{3}=Rs.9020\]


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