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Ratio & Proportion · Question 58 of 67

Question 58

EasyOriginal question

Vikram invests ₹25,000 for 12 months and Lakshmi invests ₹30,000 for 10 months. In what ratio should they share the profit?

Options for question 58

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. Profit ratio = capital × time.

  2. Vikram: 25,000×12=3,00,00025{,}000 \times 12 = 3{,}00{,}000. Lakshmi: 30,000×10=3,00,00030{,}000 \times 10 = 3{,}00{,}000.

  3. Ratio = 3,00,000:3,00,000=1:13{,}00{,}000 : 3{,}00{,}000 = 1 : 1.

Worth noting

5:65 : 6 uses capital alone and 6:56 : 5 uses time alone; profit depends on both.

Concept
Profit ratio as capital × time
Typical time
40 s
Your time
—
The rule this testsPartnership
Practise this chapter →

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

Practise this chapter →

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