Multiple choice

Three partners Mr. X, Mr. Y and Mr. Z started a shop with amounts of Rs. 28,000, Rs. 56,000 and Rs. 98,000, respectively. After the end of one quarter, they earned a profit of Rs. 1,56,000 and divided it among themselves in ratio of their investments. Find the share of profit received by Mr. Y.

  1. Rs. 48,000

  2. Rs. 40,000

  3. Rs. 45,000

  4. Rs. 58,000

  5. Rs. 36,000
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A Correct answer
Explanation

The ratio of investments is 28,000 : 56,000 : 98,000, which simplifies to 2 : 4 : 7. The total profit is 156,000. Mr. Y's share is (4 / (2+4+7)) * 156,000 = (4/13) * 156,000 = 4 * 12,000 = 48,000.

AI explanation

The investment ratio of Mr. X, Mr. Y and Mr. Z is 28000 : 56000 : 98000, which simplifies to 2 : 4 : 7. The sum of the parts is 2 + 4 + 7 = 13. Mr. Y's share of the 156000 profit is 4 / 13 of 156000, which calculates to Rs. 48,000.

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