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Lokesh starts a business with Rs. 240000. After 3 months Vishal joins him with Rs. 210000. At the end of the year what will be the ratio of their profits? 1). 32 : 212). 16 : 133). 8 : 5 4). 45 : 39 |
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Answer» Lokesh invested Rs. 240000 for 12 months and Vishal invested Rs. 210000 for (12 - 3 = 9 months) into the business We know that if both the Investment and TIME Periods are different, then the Profit will be divided in the ratio of the product of their Investment and Time Period Ratio of the Profits = (240000 × 12) : (210000 × 9) = (24 × 12) : (21 × 9) = 288 : 189 = 32 : 21 ∴ Ratio of their Profits = 32 : 21 |
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