Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized for You

we will pick new questions that match your level based on your Timer History

Track Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

It appears that you are browsing the GMAT Club forum unregistered!

Signing up is free, quick, and confidential.
Join other 350,000 members and get the full benefits of GMAT Club

Registration gives you:

Tests

Take 11 tests and quizzes from GMAT Club and leading GMAT prep companies such as Manhattan GMAT,
Knewton, and others. All are free for GMAT Club members.

Applicant Stats

View detailed applicant stats such as GPA, GMAT score, work experience, location, application
status, and more

Books/Downloads

Download thousands of study notes,
question collections, GMAT Club’s
Grammar and Math books.
All are free!

Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:

A, B and C jointly thought of engaging themselves in a [#permalink]
24 Apr 2013, 01:31

00:00

A

B

C

D

E

Difficulty:

65% (hard)

Question Stats:

56% (02:55) correct
44% (03:10) wrong based on 39 sessions

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.

Re: Calculate the share of B in the profit. [#permalink]
24 Apr 2013, 02:13

Expert's post

prateekbhatt wrote:

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.

A. Rs. 1900 B. Rs. 2660 C. Rs. 2800 D. Rs. 2840

Total money invested by A,B,C respectively : 6500*6 ; 8400*5 ; 10000*3 = 39000 ; 42000 ; 30000. The split of the profit will done in the ratio of money invested. Thus, the ratio = 13:14:10. Also, the total profit to be split is the amount after giving 5% to A--> 7400*0.95. B's share : \(\frac{14}{37}*7400*0.95\) = 14*0.95*200 = 2660.

Re: A, B and C jointly thought of engaging themselves in a [#permalink]
24 Apr 2013, 12:24

1

This post received KUDOS

Where in the question is it written that the split in profit will be according to the investment . I dont think GMAT will leave such an assumption open for test takers.

Re: A, B and C jointly thought of engaging themselves in a [#permalink]
24 Apr 2013, 20:29

Expert's post

dave785 wrote:

Is there an easy place here to round that I missed? The math on this took me forever and I don't want to be long-multiplying on the GMAT.

I got to \(\frac{42}{111} * \frac{19}{20} * 7400\)

and I got to that point after about a minute of simplifying... blah.

You should realize that you can still factor out 3 from\(\frac{42}{111}\), and that will give you \(\frac{14}{37}\).Also, 37*2 = 74.So, you end up with \(14*\frac{19}{20}*200\)= 190*14 = 19*14*10. The only option with a 6 in the tens digit is B. _________________

Re: A, B and C jointly thought of engaging themselves in a [#permalink]
24 Apr 2013, 20:56

vinaymimani wrote:

dave785 wrote:

Is there an easy place here to round that I missed? The math on this took me forever and I don't want to be long-multiplying on the GMAT.

I got to \(\frac{42}{111} * \frac{19}{20} * 7400\)

and I got to that point after about a minute of simplifying... blah.

You should realize that you can still factor out 3 from\(\frac{42}{111}\), and that will give you \(\frac{14}{37}\).Also, 37*2 = 74.So, you end up with \(14*\frac{19}{20}*200\)= 190*14 = 19*14*10. The only option with a 6 in the tens digit is B.

oh geez, good point. 3 is one of the easiest ones to spot too...

Re: A, B and C jointly thought of engaging themselves in a [#permalink]
23 Apr 2014, 21:30

prateekbhatt wrote:

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.

A. Rs. 1900 B. Rs. 2660 C. Rs. 2800 D. Rs. 2840

Hi Bunuel,

can you shed some light on this one ? How can we presume that profit is to be split after taking off 5% for A ? Does this type of question appear in GMAT ?

Re: A, B and C jointly thought of engaging themselves in a [#permalink]
24 Apr 2014, 01:48

Expert's post

vishalrastogi wrote:

prateekbhatt wrote:

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit.

A. Rs. 1900 B. Rs. 2660 C. Rs. 2800 D. Rs. 2840

Hi Bunuel,

can you shed some light on this one ? How can we presume that profit is to be split after taking off 5% for A ? Does this type of question appear in GMAT ?

This is not a GMAT question. So, I wouldn't worry about it at all. _________________

The Stanford interview is an alumni-run interview. You give Stanford your current address and they reach out to alumni in your area to find one that can interview you...

Originally, I was supposed to have an in-person interview for Yale in New Haven, CT. However, as I mentioned in my last post about how to prepare for b-school interviews...

Interested in applying for an MBA? In the fourth and final part of our live QA series with guest expert Chioma Isiadinso, co-founder of consultancy Expartus and former admissions...