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Raj invested Rs 76000 in a business. After few months Monty joined him and invests Rs 57000. At the end of the year, both of them share the profits at the ratio of 2:1. After how many months Monty joined Raj?

Solution

✅ Correct Option: 1

The ratio of investments and the ratio of profits are always equal.

Raj invested for the full 12 months, while Monty invested for, say xx months becase he joined a bit late.

So, 76000×1257000x=21\frac{76000\times12}{57000x}=\frac{2}{1}

x=76000×1257000×2=8x=\frac{76000\times12}{57000\times2}=8 months

Monty invested for 8 months, which would mean he joined after 12−8=412-8=4 months

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