Q:
Dileep started a business with a capital of Rs. 8000. After six months, Narender joined him with some investment. If at the end of the year each of them gets equal amount as profit, how much did Narender invest in the business?
Answer & Explanation
Answer: B) 16000
Explanation: Given Dileep and Narender started a business.
Dileep invested 8000 for 12 months
Let Narender invested 'p' for 6 months
At the end of the year, their profit ratio is 1 : 1.
Hence,
8000 x 12 : p x 6
p : 16000
p/16000 = 1/1
=> p = 16,000
Hence, Narender invested amount is Rs. 16,000.
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