Question
Three partners ‘A’, ‘B’ and ‘C’ started a
business by investing in the ratio 4:6:7 respectively and the ratio of time for which they made their investments is 9:8:5, respectively. If the profit share of ‘C’ is Rs. 20000, then what is the total profit earned by all of them together?Solution
Ratio of profit shares of ‘A’, ‘B’ and ‘C’ respectively = (4 × 9):(6 × 8):(7 × 5) = 36:48:35 Required profit = {(36 + 48 + 35)/35} × 20000 = Rs. 68000
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