DSSSB 13 August 2024
Non Nursing Subjects
Medium

A started a business with a capital of ₹520000. After 8 months, B joined him with a certain amount of capital. At the end of a year of A's starting the business, the profit was shared in the ratio 8:2. How much (in ₹) did B invest?

Appeared in: DSSSB 13 August 2024

Explanation

  • The core principle is that profit sharing is proportional to the product of the capital invested and the duration of the investment.
  • Partner A's investment was ₹520,000 for a full 12 months.
  • Partner B joined after 8 months, so their investment was for a duration of 12 - 8 = 4 months.
  • The profit ratio is given as 8:2, which simplifies to 4:1.
  • The equation is set up as (520,000 × 12) / (B's Capital × 4) = 4/1.
  • Solving this equation for B's Capital yields ₹390,000.

Why Other Options Were Wrong

  • Option A: This value does not satisfy the profit-sharing equation. It is a result of a calculation error.
  • Option B: This is an incorrect value that arises from miscalculation when solving the proportion.
  • Option C: This incorrect value might be obtained if the time period for B's investment was miscalculated, for instance, using 8 months instead of 4 months.

Related Visual

Visual explanation — Related Visual
Clinical Relevance
  • Nursing practice connection: This is primarily an exam-oriented knowledge point with limited direct bedside application, so retain Partnership and Profit Sharing as background academic context rather than a clinical decision trigger.
  • This question tests quantitative aptitude, a non-nursing subject that frequently appears in nursing recruitment exams to assess analytical and problem-solving skills.
  • Mastery of concepts like ratios and proportions is essential for tasks such as medication dosage calculation, where precision is critical for patient safety.
  • What if B had joined after 4 months instead of 8? B's investment period would be 12 - 4 = 8 months. The equation would become (520,000 × 12) / (B's Capital × 8) = 4/1, which would result in B's capital being ₹195,000.
How to Approach the Question
  • First, identify the capital invested and the duration of investment for each partner. A invested ₹520,000 for 12 months.
  • Calculate B's investment duration. Since B joined after 8 months in a year-long business, B's money was invested for 12 - 8 = 4 months.
  • Recall the fundamental formula for partnerships: The ratio of profits is equal to the ratio of the product of capital and time for each partner.
  • Set up the proportion: (Profit A / Profit B) = (Capital A × Time A) / (Capital B × Time B).
  • Substitute the given values: 8/2 = (520,000 × 12) / (Capital B × 4).
  • Simplify the ratio 8/2 to 4/1 to make the calculation easier.
Concept Tested & Keywords
  • Concept Tested: Partnership and Profit Sharing
  • Stem keywords: business, capital, joined, profit, shared, ratio, invest
  • Lead-in keywords: How much

Question ID

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A started a business with a capital of ₹520000. After 8 months, B joined him with a certain amount of capital… - DSSSB 13 August 2024 | NPrep