To solve this problem, we need to determine the ratio of the duration of A, B, and C's investments given that their profit sharing ratio is the same. The relationship between their investment amounts, durations, and the profits earned forms the basis of our solution.
Given:
Since the profits are the same, the product of investment and duration for A, B, and C must be equal. Let's denote the duration of A, B, and C's investments as \(x\), \(y\), and \(z\) respectively.
From the profit condition:
\(2x = 3y = 5z\)
Now, express each equality in terms of a constant \(k\):
Hence, the ratio of the durations of their investments is:
\(x : y : z = \frac{k}{2} : \frac{k}{3} : \frac{k}{5}\)
To simplify, find a common denominator for the fractions, which is 30 in this case:
Therefore, the ratio of the durations of their investments is:
\(15 : 10 : 6\)
The correct answer is thus, the ratio of the duration of their investments is 15 : 10 : 6.
Kiran, Vimal and Naveen started a business by investing Rs. 1,35,000, Rs. 1,50,000 and Rs. 1,65,000 respectively. Find the share of each (respectively), out of an annual profit of Rs. 60,000.
When the incoming partner cannot bring premium for goodwill, then the necessary adjustment for goodwill is done through which one of the following?
Which one of the following rights is usually not available to a partner consequent to the dissolution of a firm?
A, B, C invest Rs. 20000, Rs. 30000, Rs. 40000 in a business. After one year, A withdrew his money but B and C continued for one more year. If the net profit after 2 years be Rs. 32000, then A’s share in the profit is:
Manoj received Rs. 6000 as his share out of the total profit of Rs. 9000 which he and Ramesh earned at the end of one year. If Manoj invested Rs. 20000 for 6 months, whereas Ramesh invested his amount for the whole year, what was the amount invested by Ramesh?