Discussion :: Partnership
- A, B, and C invest 63000, 56000, and 84000 respectively to start a business. After one year, the profit is distributed in the ratio of their investments. If C's share of profit is Rs.54000, find the total profit earned.
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Answer : Option B
Explanation :
Let the total profit = x
The ratio of investment = 63000: 56000: 84000
=63:56:84
On dividing by 7, we get 9:8:12
Now, sum of the ratios = 29
Apply formula:
C's share = (C's ratio/ sum of all three ratios)* total profit
C's share = (12/29) * x = 54000
x= (54000*29)/12
x= 130500
Hence, the total profit = 130500
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