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    Question

    β€˜X’ and β€˜Y’ started a business together. The

    amount invested by β€˜X’ is 40% more than that of β€˜Y’, while β€˜Y’ invested his amount for 20% less time than β€˜X’. What is the ratio of the profits earned by β€˜X’ and β€˜Y’ after a year?
    A 5:7 Correct Answer Incorrect Answer
    B 7:4 Correct Answer Incorrect Answer
    C 1:5 Correct Answer Incorrect Answer
    D 9:5 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the amount invested by β€˜Y’ be Rs. a

    Therefore, amount invested by β€˜X’ = Rs. 1.4a

    Let the time for which β€˜X’ invested be β€˜b’ months

    Therefore, time for which β€˜Y’ invested = 0.8b months

    Ratio of the profits earned = (1.4a Γ— b):(a Γ— 0.8b) = (1.4b):(0.8b) = 14:8 = 7:4

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