Question: X and Y entered into partnership with Rs. 700 and Rs. 600, respectively. After 3 months, X withdraw 2/7 of his stock but after 3 months, he puts back 3/5 of what he had withdrawn. The profit at the end of the year is Rs. 726. How much of this should X receive?
Options:
A) Rs. 336
B) Rs. 366
C) Rs. 633
D) Rs. 663
E) None of these
Show Answer
Answer:
Correct Answer: B
Solution:
- X’s investment $ =(700\times 3)+( 700\times \frac{5}{7}\times 3 ) $
$ +( 500+200\times \frac{3}{5} )\times 6=Rs\text{.}7320 $
Y’s investment $ =600\times 12=Rs\text{.}7200 $
$ \therefore $ X’s share from profit
$ =\frac{7320}{(7320+7200)}\times 726=Rs\text{.}366 $