Ramneek starts a business with ₹1,45,600. After 5 months, Somesh joins him with ₹1,50,400. At the end of the year, in what ratio should they share the profit?

Question

Question

This question was previously asked in

RPF Constable 2024 Official Paper (Held On 02 Mar, 2025 Shift 3)

Answer 1

Given:

Ramneek's investment = ₹1,45,600

Somesh's investment = ₹1,50,400

Ramneek's investment duration = 12 months

Somesh's investment duration = 7 months

Formula Used:

Ratio of profit sharing = (Investment × Time duration)

Calculation:

Ramneek's share = ₹1,45,600 × 12

⇒ Ramneek's share = 1,45,600 × 12 = 17,47,200

Somesh's share = ₹1,50,400 × 7

⇒ Somesh's share = 1,50,400 × 7 = 10,52,800

Ratio of profit sharing = Ramneek's share : Somesh's share

⇒ Ratio = 17,47,200 : 10,52,800

⇒ Ratio = 1747200 / 10,52,800 : 10,52,800 / 10,52,800

⇒ Ratio = 78 : 47

The ratio in which Ramneek and Somesh should share the profit is 78:47.