Multiple choice

Each question below contains a statement followed by Quantity I and Quantity II. Find both to find the relationship among them. Mark your answer accordingly.\nA and B started a business with Rs 10,000 and Rs 15,000 respectively. After 6 months C joined them with Rs 20,000.\n\nQuantity I: B's share in total profit of Rs 4,00,000 at the end of 2 years.\nQuantity II: Annual Salary of Rohit after tax deduction if he earns Rs 20,000 per month and pays a tax of 20% each month.

  1. Quantity I > Quantity II

  2. Quantity I ≥ Quantity II

  3. Quantity II > Quantity I

  4. Quantity II ≤ Quantity I

  5. Quantity I = Quantity II or Relation cannot be established
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Quantity I: Investment ratio = (10000×24):(15000×24):(20000×18) = 240000:360000:360000 = 2:3:3. B's share = 3/8 × 400000 = Rs 150000. Quantity II: Monthly salary after tax = 20000 × 0.8 = 16000. Annual = 16000 × 12 = Rs 192000. Therefore Quantity II (192000) > Quantity I (150000).

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