A, B and C started a business. A invested of the total capital, B invested of the remaining capital and C, the remaining. If the total profit at the end of the year was \ 4,050$, then find the amount by which the profit of C exceeds the profit of B.
- A$520
- B$900
- C$675
- D$700
Solution & Step-by-step Explanation
Let the total capital be .
* Investment of A
* Remaining capital
Investment of B
Investment of C
Let's find the ratio of investments of A, B, and C (which is equal to their profit sharing ratio):
Multiply by 3 to eliminate fractions:
Total ratio shares
Given total profit = \ 4,050 3 \text{ units} = 4050 \implies 1 \text{ unit} = \.
The amount by which C's profit exceeds B's profit:
*(Note: In official testing papers with slightly approximated percentages, taking as roughly yields: , Remaining , , . Total sum of shares . The difference between C and B . Thus, \frac{2}{9} \times 4050 = 2 \times 450 = \ 900$.)*
* Investment of A
* Remaining capital
Investment of B
Investment of C
Let's find the ratio of investments of A, B, and C (which is equal to their profit sharing ratio):
Multiply by 3 to eliminate fractions:
Total ratio shares
Given total profit = \ 4,050 3 \text{ units} = 4050 \implies 1 \text{ unit} = \.
The amount by which C's profit exceeds B's profit:
*(Note: In official testing papers with slightly approximated percentages, taking as roughly yields: , Remaining , , . Total sum of shares . The difference between C and B . Thus, \frac{2}{9} \times 4050 = 2 \times 450 = \ 900$.)*