A businessman wants to donate a total of P300,000 among three chosen charitable institutions in the ratio of 1:3:4. How much will each institution receive?
Answers
Step-by-step explanation:
Total Donation :- 3,00,000
let Institutions be A:B:C
1:3:4. Total 8 parts
So institution A :- 3,00,000*1/8 = 37500
institution B :- 3,00,000*3/8 = 112500
Institution C :- 300,000*4/8 = 150,000
Given:
Amount to be donated = Rs. 3,00,000
Number of institituions = 3
Ratio of division = 1:3:4
To find:
How much amount will each institution receive
Solution:
Ratio of first institution = 1/8
Thus, amount for first institution -
= 3,00,000 x 1/8
= 37,500
Similarly,
Ratio of second institution = 3/8
Thus, amount for second institution -
= 3,00,000 x 3/8
= 1,12,500
Similarly,
Ratio of third institution = 4/8
Thus, amount for third institution -
= 300,000 x 4/8
= 300000/2
= 150,000
Answer: Amount received by 1st is Rs, 37,500, 2nd is 1,12,500 and 3rd is 150,000