Aptitude . Profit

Question

A,B and C together invest in a business. It was agreed A would invest Rs.15,000, B would invest Rs.20000 and C would invest Rs.25,000. B is the working partner and gets 7% of profit for that. If the amount received by B at the end Rs.3040, find C’s share of profit.

1.   3040
2. 3200
3.   3000
4.   3260

Answer 1

profit will be in ratio

15000:20000:25000 = 3:4:5 {A,B and C respectively}

let total profit is 'x' at end of year

B receives 3040 profit including 7% of working profit

x*7/100 + (93x/100)*4/12 =3040

by solving x= 8000

7% of B = 8000*7% =560

sharable profit = 8000-560 =7440

profit for C = 5/12 * 7440= 3100 , no option is matching.