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A and B run a joint venture in which the...

A and B run a joint venture in which the profit earned by A and B are in the ratio 28 : 15. A invest his share.at the start of the year and B joins in after 9 months of the same year. What is the ratio of their initial investment, respectively?

A

`7:15`

B

`8:13`

C

`5:17`

D

`15:7`

Text Solution

AI Generated Solution

The correct Answer is:
To find the ratio of the initial investments of A and B, we can follow these steps: ### Step 1: Understand the Profit Ratio We know that the profit earned by A and B is in the ratio of 28:15. This means that for every 28 parts of profit A receives, B receives 15 parts. ### Step 2: Define the Variables Let: - A's investment = X - B's investment = Y ### Step 3: Determine the Time of Investment - A invests his amount at the start of the year, so A's investment is for 12 months. - B joins after 9 months, so B's investment is for 3 months (12 - 9 = 3). ### Step 4: Calculate the Effective Contribution The effective contribution to the profit from each partner can be calculated by multiplying their investment by the time for which it is invested: - A's effective contribution = \( X \times 12 \) - B's effective contribution = \( Y \times 3 \) ### Step 5: Set Up the Equation According to the profit sharing ratio, we can set up the equation: \[ \frac{X \times 12}{Y \times 3} = \frac{28}{15} \] ### Step 6: Simplify the Equation Cross-multiply to eliminate the fraction: \[ 15 \times (X \times 12) = 28 \times (Y \times 3) \] This simplifies to: \[ 180X = 84Y \] ### Step 7: Rearrange to Find the Ratio Now, we can rearrange this equation to find the ratio of X to Y: \[ \frac{X}{Y} = \frac{84}{180} \] Simplifying this fraction: \[ \frac{X}{Y} = \frac{14}{30} = \frac{7}{15} \] ### Step 8: Conclusion Thus, the ratio of their initial investments, A to B, is: \[ \text{Ratio of A's investment to B's investment} = 7:15 \] ---
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