AT
Amit started a business on 1st January 2018, with an investment of 95,000. Raghav joined him after les
months by investing * 76.000. If the total profit is divided in the ratio of 5:3 on 19 January 2018 find the
period after which Raghav joined the business.
Answers
Given : Amit started a business on 1st January 2018, with an investment of 95,000. Raghav joined him after months by investing * 76.000. If the total profit is divided in the ratio of 5:3 on 1 January 2019
To find : the period after which Raghav joined the business.
Solution:
Amit investment = 12 * 95000
Let say Raghav joined after m month
Then Raghav investment = (12 - m) * 76000
profit is divided in the ratio of 5:3
=> 12 * 95000 / ((12 - m) * 76000 ) = 5/3
=> 12 * 5 / ((12 - m) * 4 ) = 5/3
=> 3 / ((12 - m) = 1/3
=> 9 = 12 - m
=> m = 3
After 3 months Raghav joined the business.
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