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 ?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 ie 90,000.
Let investment of A and B be 3x and 8x.
Investment of C = (3/4) × 8x = 6x
Ratio of their profits = 3 : 8 : 4
Share of C = 24000
(4/15) × x = 24000
x = 90000