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    Question

    ‘M’ and ‘N’ enter into a partnership. ‘M’

    invests 50% more than ‘N’, but ‘N’ invests his money for 40% more time than ‘M’. What will be their profit sharing ratio?
    A 15:17 Correct Answer Incorrect Answer
    B 15:14 Correct Answer Incorrect Answer
    C 11:15 Correct Answer Incorrect Answer
    D 19:15 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the investment of ‘N’ be Rs. p

    Investment of ‘M’ = Rs. 1.5p

    Let the time for which ‘M’ invests = q months

    Time for which ‘N’ invests = 1.4q months

    Profit ratio = (1.5p × q):(p × 1.4q) = (1.5q):(1.4q) = 15:14

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