Ravi and Suman started a business with ₹60,000 and ₹90,000 respectively. After 6 months, Suman added ₹30,000 more. Ravi withdrew ₹10,000 at the same time. What is their profit-sharing ratio at the end of 1 year?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 11:21.
Ravi’s capital months = (60000 × 6) + (50000 × 6) = 360000 + 300000 = 660000
Suman’s capital months = (90000 × 6) + (120000 × 6) = 540000 + 720000 = 1260000
Ravi : Suman = 660000 : 1260000 = 11 : 21