CGT E 2020-16

Author : Admin Astan

Topic updated on 04/25/2023 11:40am

Nimal started a business by investing Rs. 500 000. After four months, Cader joined the business with an amount of Rs. 750 000. If the profit obtained at the end of three years after the business was started, was divided proportionate to both the money invested by each person and the time, what was the ratio of Nimal’s profit to Cader’s?

 

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