Ajay, Vijay and Sujay started a business. They had invested their amount for the period of 14 months ,8 months and 7 months respectively. If ratio of their profits is 5:7:8 then what is the ratio of their Investments
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we know that.
invest amount × time = profit ratio
so invest ratio will be = profit ratio/ time
now 5:7:8 or for cross multiply we take L.c.m.
=280. now new ratio 280/5:280/7:280/8
=56:40:35
now
use invest ratio formula
= 56/14:40/8:35/7 = 4:5:5
invest amount × time = profit ratio
so invest ratio will be = profit ratio/ time
now 5:7:8 or for cross multiply we take L.c.m.
=280. now new ratio 280/5:280/7:280/8
=56:40:35
now
use invest ratio formula
= 56/14:40/8:35/7 = 4:5:5
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