Kapil initiated a business with an investment of ₹ 30,00,000 in April 2022. After six months, his friend Kunal joined him With an investment of ₹ 25,00,000. In February 2023 Kapil’s Ex — Class fellow Saloni also invested an amount equal to the total investment made by the earlier two partners. In what ratio will the profit earned after 3 years from the date on which Kapil initiated the business be distributed?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 108 : 75 : 143.
Given that
Kapil invested in April 2022 = ₹ 30,00,000
After six months, his friend Kunal joined him With an investment of ₹ 25,00,000
In February 2023, Saloni invested = 30,00,000 + 25,00,000 = ₹55,00,000
The time period of investing money by Kapil = 36 months
The time period for Kunal = 30 months
The time period for Saloni = 26 months
Profit ∝ investment × time
The ratio of profit Kapil, Kunal and Saloni
⇒ (30,00,000 × 36) : (25,00,000 × 30) : (55,00,000 × 26)
⇒ 108 : 75 : 143