A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit. A. Rs. 1900 B. Rs. 2660 C. Rs. 2800 D. Rs. 2840

Asked by Last Modified  

12 Answers

Learn Class XI-XII Tuition (PUC)

Follow 4
Answer

Please enter your answer

G Prasad

Tutor

Option B. Rs 2660/- A received = 5% of Rs. 7400 = Rs. 370. Balance = Rs. (7400 - 370) = Rs. 7030. Ratio of their investments = (6500 x 6) : (8400 x 5) : (10000 x 3) = 13 : 14 : 10 B's share = Rs.7030 x14/37 = Rs. 2660.
Comments
Dislike Bookmark

Trainer

B. Rs 2660
Comments
Dislike Bookmark

Trainer

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate...
read more
A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit. Ans: B. Rs 2660 Solution: Ratio of Investment: A : B: C = Rs 6500x 6 : Rs 8400x5 : Rs 10,000x3 = 13 : 14 : 10 Remaining profit after diverting 5% profit to A= 95% of 7400= Rs 7030 B's share of the remaining profit= (14/37) x 7030= Rs 2626 read less
Comments
Dislike Bookmark

Subject Accountancy teacher

A's share as working member=5%of 7400=Rs 370. so remaining profit=7400-370=Rs 7030 A's investment for 6 months=Rs 6500,for 1 month= 6500*6=Rs 39000 B's investment for 5 months=Rs 8400,for 1 month= 8400*5=Rs 42000 C's investment for 3 months=Rs 10000,for 1 month= 10000*3=Rs 30000 So A:B:C=39000:42000:30000=13:14:10 B's...
read more
A's share as working member=5%of 7400=Rs 370. so remaining profit=7400-370=Rs 7030 A's investment for 6 months=Rs 6500,for 1 month= 6500*6=Rs 39000 B's investment for 5 months=Rs 8400,for 1 month= 8400*5=Rs 42000 C's investment for 3 months=Rs 10000,for 1 month= 10000*3=Rs 30000 So A:B:C=39000:42000:30000=13:14:10 B's share of profit=7030*14/37=2660. read less
Comments
Dislike Bookmark

Answer is B - 2660
Comments
Dislike Bookmark

Learn Mathematics from an IITian

B. Rs. 2,660
Comments
Dislike Bookmark
B
Comments
Dislike Bookmark

Trainer

2660
Comments
Dislike Bookmark

Chemistry Teacher

2660
Comments
Dislike Bookmark

Ratio of investments of A, B and C = (6500 x 6) : (8400 x 5) :(10000 x 3) i.e. = 13 : 14: 10 Total profit earned by them = Rs. 7400 5% of profit = (7400 x 5)/100 = 370 Remaining profit = 7400...
read more
Ratio of investments of A, B and C = (6500 x 6) : (8400 x 5) :(10000 x 3) i.e. = 13 : 14: 10 Total profit earned by them = Rs. 7400 5% of profit = (7400 x 5)/100 = 370 Remaining profit = 7400 - 370 = 7030 Share of B in the profit = (7030 x 14 )/37 = Rs. 2660 read less
Comments
Dislike Bookmark

View 10 more Answers

Related Questions

There are 4 letters and 4 addressed envelopes. find the probability that all the letters are not dispatched in the right envelope.
4! (1/2! - 1/3! +1/4! ) = 9
Kumar Upendra Akshay
0 0
8
What is the best way to tackle organic chemistry?
To study its structural equation and remembering the theory by writing practises.
Kunal
Why should a new partner contribute towards goodwill on his admission?
Due to admission of a new partner, old partners have to share their part in their value of goodwill created till date. Hence they (old) partners wants contribution from new partner for their compromise...
Chittaranjan
What is direction of friction on front and back wheel of cycle?
In bicycle, pedalling is done on rear wheel. This means that we try to rotate the rear wheel to move forward. The rear wheel pushes the ground backwards and gets the forward frictional force which pushes...
Ravi Ranjan
I have completed my post graduation in Statistics, and I am interested for a lecturer job in Statistics. Please help me to find college for lecturer post in Statistics.
As you want to work in a college ,you should have NET/SLET which is the main eligibility criteria, if you it already then its good do apply for the same,otherwise you can join or apply in some private colleges for the experience.
Chandel

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Concept For IIT NEET: Trick To Find The Major Product Formed In The Reaction-Influence Of Addition Of Base And Thermal Conditions.
a) The first step to find the major product under the influence of base and thermal conditions is to first identify from where the bond has the maximum possibility to break owing to various factors: 1....

Nidhi T.

0 0
0
Introduction To Accounting: Part 2: Book Keeping, Accounting And Accountancy
Book Keeping: Book Keeping is mainly concerned with record keeping or maintenance of books of accounts. The maintenance of books of accounts includes the following four activities: Identifying the...

Nishant Kumar

0 0
0
Solution to a problem requested by one student
Prove d/dx cos x = - sin x from first principles d/dx cos x = lim δx→0 = lim δx →0 . = - 2 = lim δx →0 (- 2 ) / δx = lim δx →0 (- 2 ) / δx =...

B.sudhakar

3 0
0
Difference between Intermediate Goods and Final Goods-Class 12, Macroeconomics
Economics - National Income

Rajiv Vadera

0 0
0
Sample Problem On Quadratic Equation.
If the roots of the equation a(b-c) x^2+b(c-a)x+c(a-b)=0 are equal then prove that 1/a + 1/c = 2 /b Solution : Since roots of the equation are equal, value of discrinant is zero. Which give...

Tapas Kumar Maity

0 0
0

Recommended Articles

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Meet Mohammad Wazid, a skilled trainer for...

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Meet Radhe Shyam Burman, an MBA Tutor from...

Radhe Shyam is a highly skilled accounts and finance trainer with 8 years of experience in teaching. Accounting is challenging for many students and that’s where Radhe Shyam’s expertise comes into play. He helps his students not only in understanding the subject but also advises them on how to overcome the fear of accounts...

Read full article >

Meet Raghunandan.G.H, a B. Tech Tutor from...

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Find Class 12 Tuition near you
Class 12 Tuition in Delhi
Class 12 Tuition in Bangalore
Class 12 Tuition in Hyderabad
Class 12 Tuition in Chennai
Class 12 Tuition in Kolkata
Class 12 Tuition in Mumbai
Class 12 Tuition in Pune
Class 12 Tuition in Noida
Class 12 Tuition in Gurgaon
Class 12 Tuition in Lucknow
Online Tuition Class 12

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you