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06 Mar 2025, 10:20
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Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
33% (02:49) correct
67%
(03:22)
wrong
based on 42
sessions
History
Date
Time
Result
Not Attempted Yet
A and B start a business by investing in a ratio of 5:7. After 4 months, A increases his investment by 60%, while B withdraws 25% of his initial investment. At the end of the year, the total profit is $62,400. What is A’s share of the profit?
A. $28,000
B. $30,000
C. $32,400
D. $34,800
E. $36,000
A. $28,000
B. $30,000
C. $32,400
D. $34,800
E. $36,000
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06 Mar 2025, 13:28
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Please guide me through this.
Gmat750aspirant
06 Mar 2025, 13:58
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Can someone explain why this is? I tried calculating it
Using:
Currently,
A is at 5x
B is at 7x
In 4 months,
A is at 8x
B is at 5.25x
Therefore,
A's share is [8x / (8x+5.25x)] * 62,400= ~37,000
Using:
Currently,
A is at 5x
B is at 7x
In 4 months,
A is at 8x
B is at 5.25x
Therefore,
A's share is [8x / (8x+5.25x)] * 62,400= ~37,000
