X starts a business with Rs.45000. Y joins in the business after 3 months with Rs.30000. What will be the ratio in which they should share the profit at the end of the year?
1:2
2:1
1:3
3:1
Explanation:
Ratio in which they should share the profit
= Ratio of the investments multiplied by the time period
$=45000×12:30000×9$
$=45×12:30×9$
$=3×12:2×9$
$=2:1$