Question

Ram,shyam and kamal together started business in partnership the Ratio of their capital is 3:4:7 if their annual profit be ₹21000 what will be the share of kamal in the profit

Answer 1

Ratio of capital and ratio of profit must be same

so ratio of profit of Ram : Shyam : Kamal = 3:4:7

let ratio be x

so , profit of Ram , Shyam and Kamal be 3x , 4x , 7x respectively

now the total profit is 21000

so ,

3x + 4x + 7x = 21000

14 x = 21000

x = 1500

so Kamal's share of profit = 7x

= 7 × 1500

= 10500 rs