Question
‘R’ invested Rs. 20000 in a business. ‘S’ joined
after ‘x’ months with an investment of Rs. 4000 less than ‘R’. If the ratio of the profits received by them after 2 years is 5:2, then find the time after which ‘S’ joined.Solution
Respective ratio of the profits received by ‘R’ and ‘S’
= (20000 × 24) : {16000 × (24 – x)} = 5/2
Or, 24 – x = 12
Or, x = 12 months
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