Question

Mohit and Sumit start a business with investment of ₹ 74000 and ₹ 96000 respectively. If at the end of the year they earn profit in the ratio of 5 : 8, then what will be ratio of the time period for which they invest their money?

• A. 37 : 32
• B. 13 : 18
• C. 25 : 32
• D. 30 : 37

Answer 1

Answer:

D. 30 : 37

Solution: Formula used: Profit = investment × Time period Calculation: Let T1 and T2 be time periods of Mohit and Sumit respectively 5 = 74000 × T1 T1 = 5/74000 8 = 96000 × T2 T2 = 8/96000 Ratio of T1/T2 = (5/74000)/(8/96000) = 30: 37