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    Question

    Meera starts a business with an initial investment of

    Rs. 12,000. After 3 months, Ankit joins the business by investing Rs. 4,000 more than Meera. After eight months from starting, Meera withdraws 30% from her initial investment. Find the ratio of their profit at the end of 1.5 years.
    A 1:5 Correct Answer Incorrect Answer
    B 3:4 Correct Answer Incorrect Answer
    C 6:7 Correct Answer Incorrect Answer
    D 7:9 Correct Answer Incorrect Answer

    Solution

    ATQ, Initial investment of Ankit = 12,000 + 4,000 = Rs. 16,000 Ratio of profit shares of Meera to Ankit at the end of 18 months: = [12,000 X 8 + (12,000 X 0.70) X 10]:[16,000 X 15] = [96,000 + 84,000]:[240,000] = 180,000:240,000 = 3:4

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