Question
A and B entered into a business investing their capital
in the ratio of 16:21, respectively and the respective ratio of time for which they made their investment is 7:8 respectively. Find the total profit earned by A and B together, if profit share of A is Rs. 2800.Solution
Ratio of profit share of A to B = (16 × 7):(21 × 8) = 2:3 Desired Profit = 5/2 × 2800 = Rs. 7000
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