Multiple choice

Mohit started a business investing Rs. 7500. After 6 months, Ramesh joined with Mohit and invested Rs. 5000. If after end of the year, they earn a profit of Rs. 1500, then what will be the share of Mohit?

  1. Rs. 750

  2. Rs. 1000

  3. Rs. 1125

  4. Rs. 1200

  5. Rs. 1500
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Mohit's investment = 7500 * 12 = 90000. Ramesh's investment = 5000 * 6 = 30000. Ratio = 90000 : 30000 = 3 : 1. Mohit's share = (3 / 4) * 1500 = 1125.

AI explanation

The profit sharing ratio is found by multiplying each partner's capital by their invested time in months. Mohit's share is proportional to 7500 times 12, while Ramesh's is proportional to 5000 times 6. Their ratio simplifies from 90000:30000 to 3:1, meaning Mohit receives 3 parts out of the total 4 parts. Mohit's profit is (3/4) times 1500, which equals Rs. 1125.

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