Arya and Tanishq are partners in a startup. Arya contributes 1/6th of the capital for 16 months and tanishq receives 2/3rd of the profit. For how long was tanishq‘s money used?
Let the total profit be Rs. X
⇒ Tanishq’s share = 2X/3
⇒ Arya’s share = X – 2X/3 = X/3
⇒ Profit ratio is X/3 : 2X/3 = 1 : 2
Let total capital be Y and Tanishq contributed for Z months
So, Tanishq’s investment share is 5/6 of the capital
⇒ Profit ratio = Arya’s investment for 16 months : Tanishq investment for Z months
⇒ 1 : 2 = (Y × 16/6) : (5Y/6 × Z)
⇒ 1/2 = 16/5Z
⇒ Z = 32/5
⇒ Z = 6.4 months
∴ Tanishq’s money was used for 6.4 months
7. Anil Kumar Chaudhary has been appointed as the new chairman of ________.