Two friends A and B invest some money in a business in the ratio 13: 12. They make a profit of $ 542600. How much should B receive as profit if the profit is proportional to the investment?
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Step-by-step explanation:
Ratio of investment of A and B = 13:12
Total profit gain = 5,42,600
Here,
m=13, n=12, p=5,42,600
So, Profit for B = np/(m+n) !!
= 12x 7542600 /(13+12)
= 12x 7542600 /25
=> 2,60,448
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