Multiple choice

Shikha and Shreya invested in the ratio 7 : 8 in a business. They got an annual profit of Rs 34450. If Shikha withdrew her entire money at the end of 9 months, then what is the difference between their shares of profit?

  1. $7570$
  2. $6400$
  3. $7560$
  4. $7150$
  5. $8180$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Shikha's investment ratio for time period = 7 × 9 = 63. Shreya's investment ratio for time period = 8 × 12 = 96. Total ratio = 63 + 96 = 159. Shikha's share = (63/159) × 34450 = Rs 13650. Shreya's share = (96/159) × 34450 = Rs 20800. Difference = 20800 - 13650 = Rs 7150.