Multiple choice

Ankita, Deepika, Payal and Isha invested in a business in the ratio of 5 : 6 : 7 : 10. Ankita invested for a period of six months and Isha invested for a period of eleven months. But Deepika and Payal invested for 8 months. If the share of profit of Isha is Rs. 62,000 more than the share of profit of Deepika at the end of 11 months, then what is the share of profit of Ankita and Deepika, respectively?

  1. Rs. 36,000 and Rs. 48,000

  2. Rs. 24,000 and Rs. 36,000

  3. Rs. 48,000 and Rs. 30,000

  4. Rs. 30,000 and Rs. 48,000

  5. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Profit ratios: A=5*6=30, D=6*8=48, P=7*8=56, I=10*11=110. Difference between I and D = 110-48 = 62 units. 62 units = 62000, so 1 unit = 1000. Ankita = 30000, Deepika = 48000.

AI explanation

The effective investment ratio is calculated by multiplying each partner's capital ratio by their investment duration. Ankita's ratio is 5 multiplied by 6 to equal 30, Deepika's is 6 multiplied by 8 to equal 48, Payal's is 7 multiplied by 8 to equal 56, and Isha's is 10 multiplied by 11 to equal 110. Isha's profit exceeds Deepika's profit by 62 ratio units, which equals Rs. 62,000, meaning 1 ratio unit is worth Rs. 1,000. Ankita's profit is 30 units totaling Rs. 30,000, and Deepika's profit is 48 units totaling Rs. 48,000.

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