In a partnership business of A, B and C, what profit did B get at the end of 2 years?
I. A and B started the business by the investing in ratio 2:3.
II. C joined after 8 months with Rs 5 lakhs
III. After two years. A’s share in profit was Rs 40,000
From statements I and III, since we know the investment ratio of A and B, we can get the share of B in the profit.
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