Question
Download Solution PDFA started a business by investing Rs. 1500 and after 8 months B joined the business by investing Rs. x. If the ratio of the profit obtained by A to B at the end of one year is 5: 2. Then find the amount invested by B.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Investment amount of A = Rs. 1500
Investment period of A is 12 months investment period of B is 4 months
Calculation:
Let x be the amount invested by B.
So,
(1500 × 12)/(x × 4) = 5/2
⇒ 2 × 1500 × 12 = 5 × x × 4
⇒ x = (2 × 1500 × 12)/20
⇒ x = Rs. 1800
∴ The correct answer is option (2).
Last updated on Jun 30, 2025
-> The Institute of Banking Personnel Selection (IBPS) has officially released the Provisional Allotment under the Reserve List on 30th June 2025.
-> According to the official notice, the Prelims Examination is scheduled to be conducted on 6th, 7th, 13th and 14th December 2025.
-> The Mains Examination is scheduled for 1st February 2026.
-> IBPS RRB Clerk 2025 Notification is expected to be released soon.
-> Candidates with a Graduation degree in any discipline are eligible for the recruitment process.
-> The selection process includes Prelims and Mains examinations.
-> Prepare for the Exam with IBPS RRB Clerk Previous Year Papers. Check IBPS RRB Clerk Exam Analysis.
-> Attempt Free Banking Current Affairs Mock Test here