1.

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

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



Discussion

No Comment Found

Related InterviewSolutions