|A) 11 months||B) 10 months|
|C) 9 months||D) 8 months|
Let the total Profit be Z.
Ramu's profit share is 2/3 of profit (i.e 2Z/3)
Ravi's profit is (Z-2Z/3) =Z/3
Hence the profit ratio is , Ravi : Ramu = Z/3 : 2Z/3 = 1:2
Let total Capital be Rs.X and Ramu has contributed for Y months.Since Ramu's profit share is 2/3, his invest share will be 2/3 in capital.
Ravi's invest for 16 months / Ramu's invest for Y months = Ravi's profit share / Ramu's profit share
i.e. (X/6 x 16) / (2X/3 x Y) = 1/2
Solving the above equation, we get Y = 8.
So Ramu's money has been used for 8 months.