Multiple choice

Ajay, Vijay and Jay were the partners in a business. The capital of Jay is equal to the capitals of Ajay and Vijay together, and the capital of Ajay is equal to capital of Vijay. If capital of Vijay is Rs. 5000. Then in what ratio profit is divided.

  1. 2:3:4

  2. 1:1:2

  3. 1:2:3

  4. 2:3:5
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Vijay = 5000. Ajay = Vijay = 5000. Jay = Ajay + Vijay = 5000 + 5000 = 10000. Ratio of capitals = 5000 : 5000 : 10000 = 1 : 1 : 2.

AI explanation

Use the given capital values to establish the profit sharing ratio among the partners. Since Vijay's capital is Rs. 5000 and Ajay's capital equals Vijay's, Ajay also has Rs. 5000. Jay's capital is the sum of Ajay and Vijay, so Jay's capital is 5000 plus 5000 to equal Rs. 10000. The profit is therefore divided in the ratio of 5000 to 5000 to 10000, which simplifies to 1 to 1 to 2.

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