WBCS.LIVE practice question

Amal and Bimal start a business with Rs. 500 for 9 months and an amount of money for 6 months respectively. If the total profit is of Rs. 69 and that of Bimal is of Rs. 46. Then what was the investment of Bimal at the starting of the business ?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Rs. 1,200
  2. Rs. 1,500
  3. Rs. 750
  4. Rs. 1,000

Correct answer and explanation

Correct answer: Rs. 1,500

Explanation: āœ… Correct Answer: B. Rs. 1,500 šŸ“š Explanation: Amal's profit is 69 - 46 = 23. The ratio of Amal's to Bimal's profit is 23 : 46, which is 1 : 2. Amal's investment units are 500 * 9 = 4500. Bimal's investment units must be 4500 * 2 = 9000. Since Bimal invested for 6 months, his initial capital was 9000 / 6 = Rs. 1,500.