Raghu and Raghav together invested 144000/- in the ratio 2:3 in a business. After some months they got profit of 20%.What is the profit each of them got?
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Answer:
Raghu's profit = 11520 and Raghav's profit = 17280,
Step-by-step explanation:
Total invetment = 144000
Profit = 20% of 144000 = 28800.
This profit is required to be shared between Raghu and Raghav in the ratio of 2:3.
Therefore, Raghu's profit = 28800 * 2 / (2+3) = 11520,
and Raghav's profit = 28800 * 3 / (2+3) = 17280,
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