Aman began a business with ₹45,000 and was joined afterwards by Ashish with ₹30,000. When did Ashish join if the profit at the end of the year was divided in the ratio 2 : 1?
Answer & explanation
Correct answer: option 3
Investment of Aman = ₹45,000
Investment of Ashish = ₹30,000
Ashish Aman
Investment ₹45,000 ₹30,000
Time 12 x
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Profit 36 2x
2m : 1m ( Given)
Now, 2m = 36
m = 18
Now, 2x = 18
x = 9
So, Aman invested for 9 months or we can say that he invested for 3 months.