CAT
Exam
Mrudul invested an amount of Rs. 29,500/- in order to start a business. Shalaka joined her 4 months later by investing an amount of Rs. 33,500/-. If the business earned a profit of Rs. 1,20,575/- at the end of two years, what was Mrudul’s share of the profit?
Read Solution (Total 4)
-
- Mrudul Share=61950 Rs.
Investment ratio of Mrudul/Shalaka=29500*24/33500*20=354/335
Mrudul's Share of profit=120575*354/(354+335)=42683550/689=61950 Rs. - 11 years agoHelpfull: Yes(4) No(1)
- M=29500*24(investing for 2 months)=708000
S=33500*20 (investing for 20 months)=670000
Mrudul's share=[708000/(708000+670000)]*120575
Mrudul's share= Rs. 61950 - 11 years agoHelpfull: Yes(1) No(2)
- this is the question of weighted average
for mrudul 29500*24
for shalanka 33500*20
ratio of both=354/335
after two years mrudul shares in profit=120575*354/689=61950 ans - 11 years agoHelpfull: Yes(1) No(1)
- Mrudul invested - Rs 29500 * 24= 708000
4months later shalak invested- rs 33500* 20= Rs.670000
Ratio of their = 708000/670000
I.e. 354/335
Mrudul shares= 120575*354/689= rs 61950 - 7 years agoHelpfull: Yes(0) No(0)
CAT Other Question