Rohan invests ₹50,000 in a business for 12 months and Sneha invests ₹50,000 in it for 8 months. The profit is ₹25,000. What is Sneha's share?

₹10,000Correct answerYour answer₹12,500Correct answerYour answer₹15,000Correct answerYour answer₹16,667Correct answerYour answer

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CorrectNot quiteAnswer A

Correct answer: A

The capitals are equal, so profit is shared in the ratio of time: $12 : 8 = 3 : 2$ .
Sneha's share = ₹25,000 × $2/5$ = ₹10,000.

Worth noting

₹15,000 is Rohan's share; ₹12,500 splits equally, forgetting that Sneha's money was in for less time.

Ten questions from Ratio & Proportion, at your own pace.

Explanation