A and B shares profit in the ratio of 3 : 1. B and C shares the profit and loss in the ratio of 2 : 3. Manager X received rs. 6,600 as commission @10% on profit after charging such commission bases. Find out profit amount for all the partners.
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Answer:
A = 36000 B = 12000 C = 18000
Explanation:
A:B = 3:1
B:C = 2:3 ( B must want to be the same
value in both)
so A:B x 2 = 6:2
Profit sharing ratio = a:b:c
Manager X received 6600 as commission at 10% of profit so,
10/100* X = 6600
X = 66000
Profit Shared
A = 6/11 * 66000 = 36000
B = 2/11 * 66000 = 12000
C = 3/11 * 66000 = 18000
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