Question
Armaan began a business with an initial investment of
Rs. 2400. After 8 months, Bhuvan entered the business with an amount such that Armaan's investment was 50% greater than Bhuvan's. Determine the ratio of their profits at the end of 2 years.Solution
ATQ,
Amount invested by ‘Bhuvan’ = (2400/1.5) = Rs. 1600 Ratio of profits received by ‘Armaan’ and ‘Bhuvan’ = (2400 × 24):(1600 × 16) = 9:4
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