Difficulty: Easy
Correct Answer: ₹ 20000
Explanation:
Introduction / Context:
Partnership questions in quantitative aptitude commonly require allocating profit in proportion to each partner’s capital multiplied by the time for which that capital remained invested. Here, Vijay enters 3 months late, so his effective time is less than Ajay’s. We use capital × time (also called “money-months”) to split the profit fairly.
Given Data / Assumptions:
Concept / Approach:
Multiply each capital by its investment duration (in months). The resulting weights form the profit-sharing ratio. Then apply the ratio to the total profit to obtain the exact shares.
Step-by-Step Solution:
Verification / Alternative check:
Vijay’s share = 38,000 − 20,000 = ₹ 18,000. The ratio 20,000 : 18,000 reduces to 10 : 9, matching the weights, so the allocation is consistent.
Why Other Options Are Wrong:
₹ 10,000 and ₹ 15,000 imply incorrect weighting or ignoring time difference; ₹ 18,000 is Vijay’s amount, not Ajay’s; ₹ 21,000 breaks the 10 : 9 proportion with the given total profit.
Common Pitfalls:
Forgetting to multiply by time; using 12 months for both partners; or distributing profit merely by capital without accounting for staggered entry.
Final Answer:
₹ 20000
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