Select the correct answerA and B invest in the ratio 3 : 5. After 6 months, C joins the business investing an amount equal to B’s at the end of the year what will be the ratio of their profits?Options13 : 5 : 26 : 10 : 59 : 10 : 51 : 5 : 5
Question
Select the correct answerA and B invest in the ratio 3 : 5. After 6 months, C joins the business investing an amount equal to B’s at the end of the year what will be the ratio of their profits?Options13 : 5 : 26 : 10 : 59 : 10 : 51 : 5 : 5
Solution
The answer to this question can be found by understanding how the profits are divided in a partnership. In a partnership, the profits are divided in the ratio of the product of the capital invested and the time for which it is invested.
-
A and B invest in the ratio 3:5. This means that if A invests 3x, B invests 5x.
-
They both invest for the entire year, so the time for both is 12 months.
-
After 6 months, C joins the business investing an amount equal to B’s. This means C also invests 5x, but only for the remaining 6 months of the year.
-
Now, we calculate the ratio of their profits.
For A, it's (capitaltime) = 3x12 = 36x.
For B, it's (capitaltime) = 5x12 = 60x.
For C, it's (capitaltime) = 5x6 = 30x.
-
So, the ratio of their profits at the end of the year will be 36:60:30.
-
Simplifying this ratio by dividing each part by 6, we get 6:10:5.
So, the correct answer is 6 : 10 : 5.
Similar Questions
Select the correct answerA and B are partners in a business. They invest in the ratio 5 : 6, at the end of 8 months A withdraws. If they receive profits in the ratio of 5 : 9, find how long B’s investment was used?Options11 months12 months5 months4 months
Select the correct answerThe ratio of investment by A to that by B in a business is 14 :15 and the ratio of their respective profits at the end of a year is 2 : 5. If A invested the money for 3 months, then for how much time (in months) B invested his money?Options9756
A, B and C enter into a partnership and invest their capital in the ratio 1 : 2 : 3. Their period of investment are in the ratio 3 : 2 : 1. In what ratio would they distribute their profits?Options3:4:34:2:51:5:2None
A' and 'B' started a business by investing in the ratio of 5:7, respectively such that 'B' invested Rs. 600 more than 'A'. After 6 months, 'A' left the business and after two more months, 'C' joined by investing an amount which is twice that by 'A'. Find the profit share ratio of 'A', 'B', and 'C', at the end of the year. a. 10:13:12 b. 5:9:6 c. 15:42:20 d. 10:14:17
Select the correct answerP, Q, R invested in the ratio of 6 : 5 : 7. After the end of business term they receive the profit in the ratio 3 : 1 : 5. Find the ratio of time in which they invested in the business?Options35 : 50 : 1435 : 14 : 5034 : 14 : 5014 : 35 : 50
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.