Question
Download Solution PDFA, B and C share the profit in the ratio of 2 ∶ 3 ∶ 7. If the average gain is Rs. 8000, then B's share is ?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
A, B, and C share the profit in the ratio of 2 ∶ 3 ∶ 7.
The average gain is Rs. 8000.
Concept:
Total profit is 3 times the average gain.
Share of B in the profit ratio.
Calculation:
We have,
⇒ Average gain = Rs. 8000
⇒ Total profit = 3 × Average gain
⇒ Total profit = 3 × 8000
⇒ Total profit = Rs. 24000
Profit ratio is 2 ∶ 3 ∶ 7
Sum of ratio parts = 2 + 3 + 7 = 12
B's share in the ratio = 3 parts
⇒ B's share = (3/12) × Total profit
⇒ B's share = (3/12) × 24000
⇒ B's share = 1/4 × 24000
⇒ B's share = Rs. 6000
∴ The correct answer is option 4.
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