Ankit, Ashish and Arun earned a profit of Rs. 12 lakh in a year from their business. Ankit retained Rs. 6 lakh, while Ashish and Arun each kept Rs. 3 lakh. What is the ratio of their profits from the business?
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 2:1:1
The profit of each partner is the amount each one kept, so the ratio of their profits is the ratio of these amounts, written in its lowest terms.
Ankit kept Rs. 6 lakh, Ashish Rs. 3 lakh and Arun Rs. 3 lakh, which together make the whole profit of Rs. 12 lakh
Ankit : Ashish : Arun \(=6:3:3\)
Dividing each term by 3, their common factor: \(2:1:1\)