Rahul started a business by investing Rs. 45,000.6 months later Sanjay joined him with Rs. 30,000. In what ratio should the earned profit be distributed at the end of the year?
RateoftheequivalentcapitalsofRahulandsanjayfor1month=(45000×12):(30000×6)=540000:180000=3:1∴Ratioofprofitsharing=3:1