Question
‘C’ and ‘D’ jointly started a business. ‘C’
invested an amount which was 20% more than ‘D’. However, ‘D’ invested his capital for 10% less time than ‘C’. Calculate their profit ratio at year end.Solution
ATQ,
Let amount invested by ‘D’ be Rs. s
Amount invested by ‘C’ = Rs. 1.2s
Let time for which ‘C’ invested = t months
Time for which ‘D’ invested = 0.9t months
Profit ratio = (1.2s × t):(s × 0.9t) = (1.2t):(0.9t) = 12:9 = 4:3
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