Question 58
EasyOriginal questionVikram invests ₹25,000 for 12 months and Lakshmi invests ₹30,000 for 10 months. In what ratio should they share the profit?
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
Profit ratio = capital × time.
Vikram: . Lakshmi: .
Ratio = .
Worth noting
uses capital alone and uses time alone; profit depends on both.
- Concept
- Profit ratio as capital × time
- Typical timeTypical
- 40 s
- Your timeYours
- —
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