P began a business with ₹ 4500 and was joined afterwards by Q with ₹5400. If the profits at the end of the year were divided in the ratio 2 :1, Q joined the business after: 

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  1. 4 months
  2. 5 months
  3. 6 months
  4. 7 months

Answer (Detailed Solution Below)

Option 4 : 7 months
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Detailed Solution

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Concept:

Profit is divided in the ratio of capital × time.

Calculation:

Let: P's investment = ₹4500 for 12 months

Q's investment = ₹5400 for x months

⇒ (4500 × 12) / (5400 × x) = 2 / 1

⇒ 54000 / (5400x) = 2 / 1

⇒ 54000 = 10800x

⇒ x = 54000 / 10800 = 5

Q joined after 7 months (since Q worked only for 5 months out of 12).

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