Quantitative Aptitude Quest
Profit and Loss
Sanjay and Komal started a business investing Rs. 15,000 each. After 8 months Komal withdrew Rs. 10,000 from his share. If they get Rs. 32,000 as profit at the end of the year, how much share of profit should Sanjay get? 1) Rs. 18000 2) Rs. 16000 3) Rs. 12800 4) Rs. 19200
SOLUTION
Sanjay's investment for 1 months = 15000 x 12 = Rs. 180000
Komal's investment for 1 months = 15000 x 8 + (15000 - 10000) x 4
= 120000 + 20000
= Rs. 140000
? Ratio between the investment of Sanjay and Komal
= 180000 : 140000 = 9 : 7
? Sanjay's profit = [9/(9 + 7)] x 32000 = Rs. 18000