Question
Download Solution PDFA, B, C, D and E enter into a business. They invest money in the ratio 2 : 3 : 4 : 5 : 6. However, the time invested by them is in the ratio 6 : 5 : 4 : 3 : 2. If the profit distributed is directly proportional to time and money invested, then who receives the highest amount of profit ?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFConcept:
Total investment = Investment × Time of Investment
Calculation:
A's total investment = 2 × 6 = 12 unit
B's total investment = 3 × 5 = 15 unit
C's total investment = 4 × 4 = 16 unit
D's total investment = 5 × 3 = 15 unit
E's total investment = 6 × 2 = 12 unit
C has the highest total investment, which is 16 unit.
Since, the profit is directly proportional to the total investment.
Therefore, C would receive the highest amount of profit.
Last updated on May 29, 2025
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