Partnership - Quantitative Aptitude (MCQ) questions for Q. 20989

Q.  Three friends (Amar, Mohan and Sham) started partnership business by investing  Rs. 1,00,000, Rs. 1,40,000 and Rs. 1,60,000 respectively. After eight months, Ramesh joins them with his capital of Rs. 50,000. If, at the end of the year, a profit of Rs. 30,500 was made, what would be the difference between the shares of Sham and Mohan?
- Published on 15 Apr 16

a. Rs. 675
b. Rs. 950
c. Rs. 1200
d. Rs. 1464
e. Rs. 1872

ANSWER: Rs. 1464
 
Amar invests Rs. 1,00,000 for 12 months : Mohan invests Rs. 1,40,000 for 12 months : Sham invests Rs.1,60,000 for 12 months : Ramesh invests Rs. 50,000 for 4 months
Amar : Mohan : Sham : Ramesh = 30 : 42 : 48 : 5
Sham's share = (48/125) * 30,500 = 11712
Mohan's share = (42/125) * 30,500 = 10248
Difference between shares of Sham's and Mohan's = 1464

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