Three partners A, B, and C started a business and decided to share the profit in the ratio 2 : 3 : 5, respectively. If the share of B is Rs.7,50,000, then calculate the total profit.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. Rs.25,00,000.
Three partners in the business are A, B, and C
The ratio of the profit of A, B, and C = 2 : 3 : 5 = 2x : 3x : 5x
The share of B is Rs.7,50,000
The profit share of B = 3x
Thus,
⇒ 3x = 750000
⇒ x = 250000
Total profit = 2x + 3x + 5x = 10x = Rs.2500000
Hence, the total profit will be Rs.2500000.