Kapil invested ₹1,00,000 in a business. After 3 months, Manish joined with ₹80,000. After 3 more months, Kapil withdrew ₹40,000. Find their profit ratio at the end of the year.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 4 : 3.
Kapil : Manish = (1,00,000 × 6 + 60,000 × 6) : (80,000 × 9)
Kapil : Manish = (600000 + 360000) : (720000)
Kapil : Manish = (600000 + 360000) : (720000)
Kapil : Manish = 960000 : 720000 = 96 : 72 = 4 : 3