If Amit , Sumit and Vinit invested Rs.8000 Rs.12000 , and Rs.16000 respectively for 1 years, 2 years, and half years. Find the ratio of their profit at the end.
Answer & explanation
Correct answer: option 4
Amit Sumit Vinit
Investment ⇒ 8000 12000 16000
Inv. Ratio ⇒ 2 : 3 : 4
Time ⇒ 1 years 2 years 0.5 years
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Profit Ratio ⇒ 2 : 6 : 2
⇒ 1 : 3 : 1
[*Profit ratio = Inv. ratio × Time ratio]