A, B and C invest Rs.14000, Rs.18000 and Rs.24000 respectively to start a business. If the profit at the end of the year is Rs. 25480, then what is total share of A and B?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs. 14560.
Ratio of profits = Ratio of investments = 14000 : 18000 : 24000 = 7 : 9 : 12
Let the profit of A, B, and C be Rs.7x, Rs.9x, and Rs.12x respectively.
Total profit = 7x + 9x + 12x = Rs.28x
ATQ -
⇒ 28x = 25480
⇒ x = 910
Profit of A and B together = 7x + 9x = 16x = 16(910) = Rs. 14560