Question
Three partners ‘A’, ‘B’ and ‘C’ started a
business by investing in the ratio 4:7:6 respectively and the ratio of time for which they made their investments is 3:2:5, respectively. If the profit share of ‘C’ is Rs. 12,000, then what is the total profit earned by all of them together?Solution
Ratio of profit shares of ‘A’, ‘B’ and ‘C’ respectively = (4 × 3):(7 × 2):(6 × 5) = 6:7:15 Required profit = {(6 + 7 + 15)/15} × 12000 = Rs. 22400
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