Question
A and B started a partnership business investing in the
ratio of 3 : 8. C joined them after 4 months with an amount equal to 3/4th of B. What was their profit (in Rs) at the end of the year if C got Rs 24,000 as his share?Solution
Let the investment of A and B be 3x and 8x Investment of C =(3/4)8x =6x Ratio of their profits will be 3x*12:8x*12:6x*8 =3:8:4 C's share=24000 (4/15)*x=24000 x=90000
Which measure of central tendency is especially suited in the field of business?
Given below are two statements:
Statement I
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