Question
Meera starts a business with an initial investment of
Rs. 12,000. After 3 months, Ankit joins the business by investing Rs. 4,000 more than Meera. After eight months from starting, Meera withdraws 30% from her initial investment. Find the ratio of their profit at the end of 1.5 years.Solution
ATQ, Initial investment of Ankit = 12,000 + 4,000 = Rs. 16,000 Ratio of profit shares of Meera to Ankit at the end of 18 months: = [12,000 X 8 + (12,000 X 0.70) X 10]:[16,000 X 15] = [96,000 + 84,000]:[240,000] = 180,000:240,000 = 3:4
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