Sumit and Ravi started a business by investing Rs. 85000 and Rs. 15000 respectively. In what ratio the profit earned after 2 years be divided between Sumit and Ravi respectively.
A. 17 : 1
B. 17 : 2
C. 17 : 3
D. 17 : 4
Answer: Option C
Solution(By Examveda Team)
Note: If you have clear concept of ratio and proportion chapter then it will really easy for you to solve partnership problems.P : Q = 85000 : 15000 = 17 : 3
Important to note there that if both have invested for different period of times then we had to multiply with number of months to get the desired ratio.
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D. None of these
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B. Rs. 50000
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D. Rs. 70000
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