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Pritesh and Vikas share in a business in the ratio of 5:3. If Pritesh invests Rs. 70,000 for 12 months, how long will Vikas have to invest Rs. 60,000 to maintain the same ratio?

A. 7 months
B. 8 months
C. 10 months
D. None of the above

Answer :

Final answer:

Vikas should keep his investment for approximately 8 months, as the distribution of profits or losses is based on the ratio of investments and the length of time the money is kept in the business.

Explanation:

The problem represents a scenario of partnerships in businesses. In business partnerships, the distribution of profits or losses is directly proportional to the amount of money invested by each partner and how long that money is invested. Here, Pritesh and Vikas have a business investment ratio of 5:3. With Pritesh investing Rs. 70,000 for 12 months, the product of Pritesh’s investment and time is 70000 * 12 = 840000.

Following the ratio, the product of Vikas's investment and the time for which he has to keep his investment should be 3/5 of Pritesh’s product. Since Vikas invested Rs. 60,000, the time in months for which Vikas has to keep his investment is calculated as: (3/5 * 840000)/ 60000 = 8.4 months. However, in standard practice, periods of time are not considered in decimal forms in such scenarios. Therefore, Vikas needs to keep his investment for 8 months.

Learn more about Business Investment Ratio here:

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