Question
Three partners ‘A’, ‘B’ and ‘C’ started a
business by investing in the ratio 2:5:6 respectively and the ratio of time for which they made their investments is 3:7:5, respectively. If the profit share of ‘C’ is Rs. 15,000, then what is the total profit earned by all of them together?Solution
Ratio of profit shares of ‘A’, ‘B’ and ‘C’ respectively = (2 × 3):(5 × 7):(6 × 5) = 6:35:30 Required profit = {(6 + 35 + 30)/30} × 15000 = Rs. 35500
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