Multiple choice

Raj invested Rs. 76,000 in a business. After few months Monty joined him and invested Rs. 57,000. At the end of the year, both of them shared the profits in the ratio of 2 : 1. After how many months did Monty join Raj?

  1. 4 months

  2. 7 months

  3. 8 months

  4. 12 months

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Raj's investment: 76000 * 12. Monty's investment: 57000 * (12 - x). Profit ratio: (76000 * 12) / (57000 * (12 - x)) = 2 / 1. 912000 / (57000 * (12 - x)) = 2. 912 / (57 * (12 - x)) = 2. 912 = 114 * (12 - x). 8 = 12 - x, so x = 4.

AI explanation

Using the partnership formula, the ratio of profits equals the ratio of the product of their investments and time periods, so 76000 * 12 divided by 57000 * x equals 2. Solving the equation 912000 divided by 57000x equals 2 gives 16 divided by x equals 2, which means x equals 8. Since Monty's money was invested for 8 months, he joined the business after 12 minus 8, which is 4 months.