Question
'A' and 'B' started a business, investing Rs. 7,200 and
Rs. 4,800, respectively, for the same duration. 'A', being a working partner, received Rs. 4,800 for managing the business, and the remaining profit was shared in proportion to their investments. If 'B' received Rs. 480, determine the total profit.Solution
Ratio of profits received by ‘A” and ‘B’ = 7200:4800 = 3:2
Let the total profit received by them be Rs. x
According to the question,
(x – 4800) × (2/5) = 480
Or, x – 4800 = 1200
Or, x = 6000
Therefore, total profit received by them = Rs. 6000
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