Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

A, B and C are partners in a business. A receives $\frac{3}{5}$ of the total profit while B and C share the remainder equally. A's profit is increased by ₹1,500, when the rate of profit is increased from 10% to 12% in a year. Then, B's share in the total profit is :

Options:

₹2,500

₹3,000

₹1,500

₹1,000

Correct Answer:

₹2,500