Multiple choice

A starts some business with Rs. 50,000. After 4 months B joins him with Rs. 70,000. At the end of the year. In what ratio should they share the profit ?

  1. 1 : 3

  2. 13 : 12

  3. 15 : 14

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A invested 50000 for 12 months = 600000. B invested 70000 for 8 months = 560000. Ratio of profit sharing = 600000 : 560000 = 60 : 56 = 15 : 14.

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