MBA CDOE (USOL) Panjab University MBA Entrance Exam with MCQ Answers 2017

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31.

A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B, Rs. 8400 for 5 months and C, Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs, 7400. Calculate the share of B in the profit.

A: Rs. 2460
B: Rs. 2660
C: Rs. 2600
D: Rs. 2260

The answer is: B