Question
Three partners ‘A’, ‘B’ and ‘C’ started a
business by investing in the ratio 1:3:2 respectively and the ratio of time for which they made their investments is 2:3:4, respectively. If the profit share of ‘C’ is Rs. 2400, then what is the total profit earned by all of them together?Solution
Ratio of profit shares of ‘A’, ‘B’ and ‘C’ respectively = (1 × 2):(3 × 3):(2 × 4) = 2:9:8 Required profit = {(2 + 9 + 8)/10} × 2400 = Rs. 5700
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