Question
Karim invested Rs. 20,000 in a business whereas Neel invested 50% more than the amount invested by Karim. If the ratio of time period of investments of Karim to that of Neel is 2:4 and the profit earned from the business is Rs. 4,000, then find the difference between their profit shares.
Solution
ATQ, Let the time period of investment by Karim and Neel be '2x' years and '4x' years, respectively. Sum invested by Neel = 1.50×20,000=Rs.30,000 ATQ, Ratio of profit of Karim to that of Neel = (20,000×2x):(30,000×4x)= 40,000x : 120,000x = 1:3 So, required difference = (3-1/3+1) × 4,000 = Rs.2,000
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