Question
‘X’ invested Rs. 28000 in a business. ‘Y’ joined
after ‘x’ months with an investment of Rs. 12000 less than ‘X’. If the ratio of the profits received by them after 2 years is 7:3, then find the time after which ‘Y’ joined.Solution
Respective ratio of the profits received by ‘X’ and ‘Y’
= (28000 × 24) : {16000 × (24 – x)} = 7/3
Or, 24 – x = 10
Or, x = 14 months
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