Three partners Himanshu, Prashant and Aditya started their business with Rs 70000, Rs 60000 and Rs 90000. After 3 months, Himanshu left the business, while Aditya also left the business after 9 months from starting. What would be the ratio of their profit after the end of year?
Three partners Himanshu, Prashant and Aditya started their business with Rs 70000, Rs 60000 and Rs 90000. After 3 months, Himanshu left the business, while Aditya also left the business after 9 months from starting. What would be the ratio of their profit after the end of year? Correct Answer 7 : 24 : 27
Given
Himanshu's capital = Rs 70000
Prashant capital = Rs 60000
Aditya capital = Rs 90000
Formula Used
Investment = capital × time
Investment ratio is directly proportional to Profit ratio
Calculation
⇒ Himanshu's investment for 3 months = 70000 × 3 = Rs 210000
⇒ Prashant's Investment for 12 months = 60000 × 12 = Rs 720000
⇒ Aditya's investment for 9 months = 90000 × 9 = Rs 810000
⇒ Investment Ratio = 210000 : 720000 : 810000 = 7 : 24 : 27
⇒ so, profit ratio = 7 : 24 : 27
∴ the ratio of their profit at the end of the year is 7 : 24 : 27