Question
‘U’ invested Rs. 25000 in a business. ‘V’ joined
after ‘x’ months with an investment of Rs. 5000 less than ‘U’. If the ratio of the profits received by them after 2 years is 5:2, then find the time after which ‘V’ joined.Solution
Respective ratio of the profits received by ‘U’ and ‘V’
= (25000 × 24) : {20000 × (24 – x)} = 5/2
Or, 24 – x = 12
Or, x = 12 months
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