Question 59

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?

Solution

Let the time period that they invested be $$x$$ and $$y$$ years respectively.

According to ques,

=> $$\frac{74\times x}{96\times y}=\frac{5}{8}$$

=> $$\frac{x}{y}=\frac{5}{8}\times\frac{96}{74}$$

=> $$\frac{x}{y}=\frac{30}{37}$$

$$\therefore$$ Required ratio = 30 : 37

=> Ans - (D)

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