The ratio of the profits of P and Q is 5 : 8. What is their investment ratio, if their investment time period ratio is 3 : 5?
Answer & explanation
Correct answer: option 4
Investment x Time Period = Profit
Investment = \(\frac{Profit}{Time\; Period}\)
P : Q
Profit 5 : 8
Time Period 3 : 5
________________________
Investment \(\frac{5}{3}\) : \(\frac{8}{5}\)
25 : 24