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30 Jun 2022, 04:30
Kudos
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
81% (02:11) correct
19%
(03:22)
wrong
based on 47
sessions
History
Date
Time
Result
Not Attempted Yet
A, B and C invest $34000 for a business. A invests $1000 more than B and B invests $3000 more than C. Out of the total profit of $68,000, C receives :
(A) $10000
(B) $13000
(C) $16000
(D) $18000
(E) $19000
(A) $10000
(B) $13000
(C) $16000
(D) $18000
(E) $19000
30 Jun 2022, 05:03
Kudos
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A + B + C = 34,000
A = B + 1000
B = C + 3000
Therefore A = (C+3000) + 1000 = C + 4000
Substituting these in the main equation,
(C+4000) + (C + 3000) + C = 34,000
C = 9000
Thus C's share = \(\frac{9000}{34000}\) = \(\frac{9}{34}\)
C's share in profit = 68,000 * \(\frac{9}{34}\)
= 18,000
Answer choice (D)
A = B + 1000
B = C + 3000
Therefore A = (C+3000) + 1000 = C + 4000
Substituting these in the main equation,
(C+4000) + (C + 3000) + C = 34,000
C = 9000
Thus C's share = \(\frac{9000}{34000}\) = \(\frac{9}{34}\)
C's share in profit = 68,000 * \(\frac{9}{34}\)
= 18,000
Answer choice (D)
30 Jun 2022, 05:14
Kudos
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Let C invested amount x, then B and A invested x+3000 and x+4000 , respectively.
x+4000 + x+3000 + x = 34000
x = 27000/3
x = 9000
Thus, the ratio of profits for A:B:C will be 13:12:9
So, profit of C will be 9/34 of the total.
Thus, profit of C = 68000*9/34 = $18000.
Thus, the correct option is D.
x+4000 + x+3000 + x = 34000
x = 27000/3
x = 9000
Thus, the ratio of profits for A:B:C will be 13:12:9
So, profit of C will be 9/34 of the total.
Thus, profit of C = 68000*9/34 = $18000.
Thus, the correct option is D.
