If the ratio of capital of A and B is 3:2 and the time for which they invested is in the ratio 2:3, then the profit ratio is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 1:1.
Profit ∝ Capital × Time
A : B = (3 × 2) : (2 × 3) = 6 : 6 = 1 : 1