New Enroll in RBI Grade B New Batch - Starts on May 21

    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.
    A 9:19 Correct Answer Incorrect Answer
    B 5:13 Correct Answer Incorrect Answer
    C 15:8 Correct Answer Incorrect Answer
    D 9:4 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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