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IBPS PO Prelims Model Paper 3 with solutions
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© examsnet.com
Question : 61
Total: 100
A and B started a business. B’s investment was 2.5 times that of A. The respective ratio between the time period for which A invested and that for which B invested was 3 : 1. If the total investment made by A and B together was Rs. 28,000 and the annual profit earned was Rs. 2500 less than A’s investment, what was the difference between A’s share and B’s share in the annual profit?
Rs. 200
Rs. 800
Rs. 500
Rs. 400
Rs. 650
Validate
Solution:
According to the question,
A’s investment = Rs. x
∴ B’s investment = Rs. 2.5x
∴ x + 2.5x = Rs. 28000
⇒ 3.5x = 28000
⇒ x = Rs. 8000
∴ B’s investment = Rs. (2.5 × 8000) = Rs. 20000
∴ Ratio of equivalent capitals of A and B for 1 month = 8000 × 3 : 20000 = 6 : 5
Annual profit = 8000 – 2500 = Rs. 5500
∴ Difference of shares
=
Rs
6
−
5
6
+
5
×
5500
=
Rs
.
500
© examsnet.com
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