Question
A invests Rs. 40,000 for 12 months and B invests Rs. 60,000 for 8 months. What is their profit-sharing ratio?
Select an option. Your answer will be checked instantly.
Correct Answer: C. 1:1
Explanation:
Capital-time products are 40,000 × 12 and 60,000 × 8.
Both equal 480,000, so the ratio is 1:1.
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