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Pramod started a business by investing Rs 50,000. After 7 months, Amit also joined him with Rs 1, 20,000. In what ratio profit should be divided between them?1. 2 : 12. 1: 13. 3 : 14. 5 : 25. 2 : 5 |
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Answer» Correct Answer - Option 2 : 1: 1 Given: Amount of investment of Pramod = Rs. 50,000 Amount of investment of Amit = Rs. 1,20,000 Time period of investment of Pramod = 12 months Time period of Amit = 5 months Concept used: Ratio of their profit will be proportional to the (Amount × Time period of investment) Calculation: Ratio between the investment of Pramod and Amit = ⇒ (50,000 × 12) : (1, 20,000 × 5) ⇒ 6,00,000 : 60,000 ⇒ 1 : 1 ∴ The ratio of profit divided between them is 1 : 1 |
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