Question
βPβ invested Rs. 30000 in a business. βQβ joined
after βxβ months with an investment of Rs. 10000 less than βPβ. If the ratio of the profits received by them after 2 years is 3:1, then find the time after which βQβ joined.Solution
Respective ratio of the profits received by βPβ and βQβ
= (30000 Γ 24) : {20000 Γ (24 β x)} = 3/1
Or, 24 β x = 8
Or, x = 16 months
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