X starts a business with Rs.45000.
X starts a business with Rs.45000. Y joins in the business after 4 months with Rs.30000. What will be the ratio in which they should share the profit at the end of the year?
Answer/Solution
9:4
Steps/Work
Explanation:
Ratio in which they should share the profit
= Ratio of the investments multiplied by the time period
=45000×12:30000×8
=45×12:30×8
=3×12:2×8
=9:4
Answer: Option E
Ratio in which they should share the profit
= Ratio of the investments multiplied by the time period
=45000×12:30000×8
=45×12:30×8
=3×12:2×8
=9:4
Answer: Option E