Prakash and Inaya started a business investing ₹77,000 and ₹84,000 respectively. In what ratio the profit earned after 2 years be divided between Prakash and Inaya respectively?
Given:
Prakash's investment = ₹77,000
Inaya's investment = ₹84,000
Duration of investment for both = 2 years
Formula Used:
Profit = Investment × Time.
Solution:
Since both invested for the same time (2 years), time can be ignored for ratio comparison.
Profit ratio= Prakash's investment : Inaya's investment
Profit ratio = 77,000 : 84,000
= 77 : 84
=
Thus, the correct option is (d) 11 : 12
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