Correct Answer - Option 2 : 5 months
Given:
Investment of Rohit = Rs. 60,000
Investment of Virat = Rs. 75,000
Time of investment of Rohit = 12 months
Concept:
The profit is divided in the ratio of the investment times the time of investment.
Calculation:
Let the time of investment of Virat = y months
∴ (60,000 × 12)/(75,000 × y) = 48/35
⇒ (48)/(5y) = 48/35
⇒ y = (48 × 35)/(48 × 5)
⇒ y = 7 months
∴ Virat joined after (12 - 7) = 5 months