Ravi and Rashmi invested Rs. 150 and Rs. 200 respectively in a business but Ravi withdrew his money after a few months. If the end - of - twelve - months' profit was shared between Ravi and Rashmi in the ratio 1 : 2, after how many months did Ravi take out his money?
Ravi and Rashmi invested Rs. 150 and Rs. 200 respectively in a business but Ravi withdrew his money after a few months. If the end - of - twelve - months' profit was shared between Ravi and Rashmi in the ratio 1 : 2, after how many months did Ravi take out his money? Correct Answer 8
Given:
Ravi and Rashmi invested Rs. 150 and Rs. 200
Profit sharing ratio = 1 : 2
Concept used:
Profit sharing ratio = base of investment × time
Calculation:
Rashmi has invested for 12 months
So, Rashmi's total investment = 200 × 12
⇒ 2400
⇒ 2 → 2400
⇒ 1 → 1200
So, Ravi's total investment = 1200
He invested for 1200/150 = 8 months
∴ After 8 months Ravi took out his money.
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Feb 20, 2025