Correct option is A
Given:
Ankit's capital share =
Ankit's investment time = 4 months
Chintu's capital share =
Chintu's investment time = 12 months
Ankit's profit share = ₹40,000
Formula Used:
Profit Ratio = Ratio of (Capital × Time)
Solution:
Ankit's effective investment =
Chintu's effective investment =
Ratio of Ankit's profit to Chintu's profit =
Simplifying by dividing by 12: Ratio = 8 : 11
Let Ankit's profit be 8x and Chintu's profit be 11x.
8x = 40000
x = 5000
Total profit = 8x + 11x = 19x
Total profit = 19 × 5000 = 95000
Final Answer
So the correct answer is (a)