A invests ₹6000 for 6 months, B invests ₹8000 for 4 months. Find their profit-sharing ratio.
Show answer & explanation
Correct answer: B
Explanation
Given:
A's investment = 6,000, time = 6 months
B's investment = 8,000, time = 4 months
Formula:
Profit ratio = Investment × Time
A = 6,000 × 6 = 36,000
B = 8,000 × 4 = 32,000
A : B = 36,000 : 32,000 = 9 : 8