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Ravi starts a business with ₹45000 : Aft...

Ravi starts a business with ₹45000 : After a certain period of time he is joined by Mohan who invests ₹30000. At the end of the year they divide the profit in the ratio 9:4. After how many months did Mohan join Ravi.

A

4

B

5

C

6

D

2

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we need to analyze the investments and the profit-sharing ratio between Ravi and Mohan. ### Step 1: Understand the investments - Ravi starts the business with ₹45,000. - Mohan joins later with an investment of ₹30,000. ### Step 2: Define the time of investment - Let’s assume that Mohan invests for \( T \) months. - Since Ravi invests for the entire year, he invests for 12 months. ### Step 3: Calculate the effective capital contribution - The profit is divided in the ratio of their effective capital contributions. - For Ravi, the effective capital contribution is: \[ \text{Ravi's contribution} = 45000 \times 12 \] - For Mohan, the effective capital contribution is: \[ \text{Mohan's contribution} = 30000 \times T \] ### Step 4: Set up the equation based on the profit ratio - According to the problem, the profit is divided in the ratio of 9:4. This gives us the equation: \[ \frac{45000 \times 12}{30000 \times T} = \frac{9}{4} \] ### Step 5: Cross-multiply to solve for \( T \) - Cross-multiplying gives: \[ 45000 \times 12 \times 4 = 30000 \times T \times 9 \] - Simplifying this: \[ 1800000 = 270000 \times T \] - Dividing both sides by 270000: \[ T = \frac{1800000}{270000} = \frac{180}{27} = \frac{20}{3} \approx 6.67 \text{ months} \] ### Step 6: Calculate the time Mohan joined - Since Mohan invested for \( T \) months, and he joined after \( 12 - T \) months: \[ 12 - T = 12 - \frac{20}{3} = \frac{36}{3} - \frac{20}{3} = \frac{16}{3} \approx 5.33 \text{ months} \] ### Step 7: Finalize the answer - Since we need the number of months, we can round this to the nearest whole number. Thus, Mohan joined after approximately 5 months. ### Conclusion Mohan joined Ravi after approximately 5 months. ---
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