Question 65
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 $$\frac{3}{4^{th}}$$ of B. What was their profit (in Rs) at the end of the year if C got Rs 24,000 as his share?
Solution
Let the investment of A and B be 3x and 8x
Investment of C =(3/4)8x
=6x
Ratio of their profits will be 3x*12:8x*12:6x*8
=3:8:4
C's share=24000
(4/15)*x=24000
x=90000
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