A and B start a business. A invests ₹2500 for 12 months, B invests ₹3000 for 10 months. Who gets more profit?
Show answer & explanation
Correct answer: C
Explanation
Given:
A's investment = ₹2,500, time = 12 months
B's investment = ₹3,000, time = 10 months
A's share = ₹2,500 × 12 = 30,000
B's share = ₹3,000 × 10 = 30,000
Ratio = 30,000 : 30,000 = 1 : 1
Both will receive the same profit.