|
|
1) Smitha started a software business by investing $ 100,000. After six months, Nand joined her with a capital of $ 160,000. After 3 years, they earned a profit of $ 77,000. What was Smitha's share in the profit?A) 20000 B) 33000 C) 25000 D) 30000
Answer & Explanation
Answer: 33000 (Smitha : Nand = (100000 x 36) : (160000 x 30) = (6) : (8) = 3 : 4.
Smitha's share = $77000 x 3/7 = $33000
)
2) Ash began a business with $ 65,000. He was joined afterwards by Bill with $32,500. For how much period does Bill join, if the profits at the end of the year are divided in the ratio of 2 : 1?A) 12 B) 8 C) 6 D) 9
Answer & Explanation
Answer: 12 (Suppose Bill joined for x months. Then,
Then, 65000 * 12/(32500 * x) = 2 /1
x = 65000 x 12 /32500 x 2 = 12 months.
So, Bill joined along with Ash for 12 months.
)
3) Mike received $ 120000 as his share out of total profit of $180000, which he & Rand earned at the end of 1 year.If Mike invested $2 million for 6 months whereas Rand invested his amount for the whole year? How much was invested by Rand?A) 10000 B) 100000 C) 1500000 D) 1000000
Answer & Explanation
Answer: 1000000 (Suppose Rand invested $x. Then Mike : Rand = 2000000 * 6 : x * 12
12x = 12000000; x = $1000000)
4) Chen & Don started a business together. Chen's investment was thrice as Don and the period of investment was twice as Don's. If Don received $12000 as profit, then their total profit is.A) 86000 B) 84000 C) 88000 D) 100000
Answer & Explanation
Answer: 84000 (Suppose Don invested $x for y months.Then Chen invested $3x for 2y months.
Chen : Don = 3x * 2y : x * y = 6:1
Don's profit : Total profit = (1 : 7). Total profit = $12000 * 7 = $84000)
5) $1400 is divided among A,B & C. A receives half as much as B & B receives half as much as C.What's C's share?A) 800 B) 900 C) 700 D) 600
Answer & Explanation
Answer: 800 (Let C's share = x, B's share = x/2 , A's share = x/4
A:B:C = x/4 : x/2: x = 1: 2: 4
C' share = 1400 * 4/7 = $800)
|
|
