WBCS.LIVE practice question

Mita and Arun started a business with Rs. 700 and Rs. 900 respectively. After 4 months when Mita invested Rs. 500 more, then Arun withdrew Rs. 300. If at the end of the year total profit is Rs. 1,720 then what are profits of both Mita and Arun?

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

Answer options

  1. Rs. 1,000 and Rs. 720
  2. Rs. 980 and Rs. 740
  3. Rs. 900 and Rs. 820
  4. None of the above

Correct answer and explanation

Correct answer: None of the above

Explanation: āœ… Correct Answer: D. None of the above šŸ“š Explanation: The profit share is calculated by the ratio of (Investment * Time). Mita's units are (700 * 4) + (1200 * 8) = 12400, and Arun's are (900 * 4) + (600 * 8) = 8400. The ratio 124 : 84 simplifies to 31 : 21. Dividing Rs. 1720 in this ratio does not lead to the simple whole numbers listed in options A, B, or C.