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    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.
    A 16 months Correct Answer Incorrect Answer
    B 14 months Correct Answer Incorrect Answer
    C 12 months Correct Answer Incorrect Answer
    D 20 months Correct Answer Incorrect Answer
    E 10 months Correct Answer Incorrect Answer

    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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