Multiple choice

Passage

Based on the given passage, answer the questions that follow. Amit invested Rs 50000 in a company in the beginning of the year. After few months, Bimal invested Rs 40000 in the same company. At the end of the year, Amit received Rs 12000 as his share of profit for the year. In the next year, Amit and Bimal again invested the same as they did in the previous year for the whole year. After 3 months, Chandan invested Rs 60000 and received Rs 4500 as his share of profit at the end of second year.

If Bimal received Rs 5600 as his share of profit at the end of the first year, after how many months did he invested in the company?

  1. 3

  2. 4

  3. 5

  4. 6

  5. 7
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Using profit ratio formula with Amit's 30000 for 12 months and Bimal's unknown: if Bimal invested 24000 for x months and got 5600, we solve 30000×12 : 24000×x = profit ratio. Working backwards from answer 5 months gives the correct relationship.

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