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Mr. Bin starts a business with Rs. 20,000. After 9 months Mr. John joins him with Rs. 12,000. What will be the ratio of their profit at the end of 2 years?


1. 8 : 3
2. 3 : 8
3. 2 : 6 
4. 1 : 3 

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Correct Answer - Option 1 : 8 : 3

Given

Mr. Bin started the business = Rs. 20,000 

Mr. John started the business = Rs. 12,000 

Formula 

Profit = Investment × time 

Calculation 

Mr. Bin Investment for 24 months = 24 × 20,000 = 4,80,000

Mr. John Investment for 15 months = 15 × 12,000 = 1,80,000

⇒ Investment Ratio (Mr. Bin : Mr. John) = 4,80,000 : 1,80,000 = 8 : 3 

⇒ Profit Ratio = 8 : 3 

∴ The profit ratio after 2 years is 8 : 3 

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