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A, B and C start a business by investing Rs. 7,000/-, Rs. 8,000/- and Rs. 12,000/- respectively. After a year, B get Rs. 3,200/ as his share of profit
Question

A, B and C start a business by investing Rs. 7,000/-, Rs. 8,000/- and Rs. 12,000/- respectively. After a year, B get Rs. 3,200/ as his share of profit. What is the total profit?

A.

Rs. 16,600/-

B.

Rs. 10,000/-

C.

Rs. 21,600/-

D.

Rs. 10,800/-

Correct option is D

Given:
Investment of A = Rs. 7,000

Investment of B = Rs. 8,000

Investment of C = Rs. 12,000

Time = 1 year (same for all)

B's share of profit = Rs. 3,200

Formula Used:
Profit is distributed in the ratio of investment × time.

Since time is the same, the profit ratio is the same as the investment ratio.

Share of Profit=Individual InvestmentTotal Investment×Total Profit\text{Share of Profit} = \frac{\text{Individual Investment}}{\text{Total Investment}} \times \text{Total Profit}

Solution:

Investment ratio of A : B : C=7000:8000:12000=7:8:12Total parts=7+8+12=27B’s share=8 partsGiven B’s profit=3200=>827×Total Profit=3200=>Total Profit=3200×278=864008=10800\text{Investment ratio of A : B : C} = 7000 : 8000 : 12000 \\= 7 : 8 : 12 \\[10pt]\text{Total parts} = 7 + 8 + 12 = 27 \\\text{B's share} = 8 \text{ parts} \\[10pt]\text{Given B's profit} = 3200 \\\Rightarrow \frac{8}{27} \times \text{Total Profit} = 3200 \\[10pt]\Rightarrow \text{Total Profit} = \frac{3200 \times 27}{8} = \frac{86400}{8} = 10800

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