Ronit and Vinit purchased a scooter for ₹ 25000 and sold the same for ₹ 26250. If at the time of purchase… · ABC26GN2622
Subject: General Aptitude · Chapter: Profit and Loss · Exam: P.C.S. 2004
Ronit and Vinit purchased a scooter for ₹ 25000 and sold the same for ₹ 26250. If at the time of purchase Ronit paid $1 \frac{1}{2}$ times as much as Vinit, how much did Vinit receive out of profit?
(a)₹ 400
(b)₹ 500
(c)₹ 600
(d)₹ 700
Answer
Answer (as printed): B
Explanation
Ratio of profit = Ratio of investments $=\frac{3}{2}: 1=3: 2$. Profit $=₹(26250-25000)=₹ 1250$. ∴ Vinit's share $=₹\left(\frac{2}{5} \times 1250\right)=₹ 500$.
Explanation as extracted from the printed page; notation may be imperfect.