Question 110

Ram and Shyam started a business by investing Rs. 60000 and Rs. 40000 respectively at the start of the year. Ram withdrew Rs. 40000 after 6 months. They agreed to split the profit in the ratio of the average monthly investment basis. If they received Rs. 6000 as the profit at the end of the year, then find out Ram’s share in the profit?

Solution

Average monthly investment made by Ram = $$\dfrac{60000*6 + 20000*6}{12}$$ = Rs. 40000
Average monthly investment made by Shyam = Rs. 40000
Hence Ram’s share = $$\dfrac{40000}{40000+40000}\times 6000$$ = Rs. 3000
Therefore, we can say that option E is the correct answer.

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