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NIFT UG 2018 Question Paper with solutions
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© examsnet.com
Question : 27
Total: 150
A
and
B
invest
₹
3000
and
₹
4000
, respectively in a business. A receives
₹
10
per month out of the profit as a remuneration for running the business and the rest of the profit is divided in proportion to the investments. If in a year
A
totally receives
₹
390
,
what does
B
receive?
₹ 630
₹ 360
₹ 480
₹ 380
Validate
Solution:
Let the annual profit be
₹
x
.
Then,
₹
(
x
−
120
)
will be distributed between
A
and
B
as their shares of profit.
Ratio of profits
=
Ratio of investments
So,
A
:
B
=
3000
:
4000
=
3
:
4
∴
A
's share
=
120
+
(
x
−
120
)
×
3
7
⇒
120
+
(
x
−
120
)
×
3
7
=
390
⇒
(
x
−
120
)
×
3
7
=
390
−
120
=
270
⇒
x
−
120
=
270
×
7
3
=
₹
630
....(i)
∴
B
's share
=
4
7
×
(
x
−
120
)
=
4
7
×
630
[from Eq. (i)]
=
₹
360
© examsnet.com
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