Question 64
MediumOriginal questionTwo partners share profit in the ratio . Their capitals were invested for periods in the ratio . What is the ratio of their capitals?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Profit ∝ capital × time, so capital ∝ profit ÷ time.
Capital ratio = .
Worth noting
multiplies profit by time instead of dividing.
- Concept
- Working back from profit ratio to capital ratio
- Typical timeTypical
- 60 s
- Your timeYours
- —
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