Ravi and Rani started a business and invested money in the ratio 2 : 3. After one year the total profit was Rs 40,000. The shares of Ravi in the profit is Rs.24000.

True

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False

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Solution

The correct option is B False
Let the share of Ravi and Rani be x and y respectively.

Total Profit = Rs. 40,000

Ratio of investment of Ravi to Rani = 2:3

$x = \frac{2}{5} \times 40000 = R s . 16000$

$y = \frac{3}{5} \times 40000 = R s . 24000$

Share of Ravi in Profit is Rs. 16,000

Share of Rani in Profit is Rs. 24,000

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Ravi and Rani started a business and invested money in the ratio 2 : 3. After one year the total profit was Rs 40,000. The shares of Ravi in the profit is Rs.24000.

The correct option is B FalseLet the share of Ravi and Rani be x and y respectively. Total Profit = Rs. 40,000 Ratio of investment of Ravi to Rani = 2:3 x=25×40000=Rs.16000 y=35×40000=Rs.24000 Share of Ravi in Profit is Rs. 16,000 Share of Rani in Profit is Rs. 24,000