A and B invest ₹30,000 and ₹50,000 respectively. After 6 months, C joins with ₹60,000. What will be the ratio of their profits at the end of the year?
Show answer & explanation
Correct answer: D
Explanation
Given:
A's investment = ₹30,000 (12 months)
B's investment = ₹50,000 (12 months)
C's investment = ₹60,000 (after 6 months, i.e. 6 months)
A: 30,000 × 12 = 360,000
B: 50,000 × 12 = 600,000
C: 60,000 × 6 = 360,000
Ratio = 360,000 : 600,000 : 360,000 = 3 : 5 : 3