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Harpreet opens a diner with ₹40,000. Five months later Joseph joins him with ₹60,000. In what ratio (Harpreet : Joseph) should the profit at the end of the year be shared?

Competition practiceProfit, Loss & Discount
  • A8:7
  • B2:3
  • C7:8
  • D4:3

Step-by-Step Solution

Harpreet: ; Joseph: . Ratio = 48 : 42 = 8 : 7.
Answer: A) 8:7

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