Question
Download Solution PDFA and B invest ₹4,500 and ₹1,800, respectively, in a business. A withdraws his investment after 6 months, while B continues for the entire year. What will be the profit ratio between A and B after 1 year?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Investment of A = ₹4,500
Investment of B = ₹1,800
A's investment duration = 6 months
B's investment duration = 12 months
Formula used:
Profit ratio = (Investment of A × Time of A) : (Investment of B × Time of B)
Calculation:
Profit ratio = (4500 × 6) : (1800 × 12)
⇒ Profit ratio = 27,000 : 21,600
⇒ Profit ratio = 5 : 4
∴ The profit ratio after 1 year is 5:4.
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