A,B,C enter into a partnership with capitals of Rs.15000,Rs.21000,Rs.36000. A as manager, is to receive 6¼% of profits and the remainder is to be divided in proportion to the capital.How much did B and C receive if A received Rs. 7458 in a year?
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Step-by-step explanation:
Profit earned in an investment is directly proportional to the product of the investment and Time for investment
Profit = Investment*Time
A invest 16000 for 12 month
B invest 12000 for 12 month
C insvest 20000 for 6 month
Ratio of there profit will be
(16000*12):(12000*12):(20000*6)
A:B:C = 8:6:5
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