In a joint business, the capitals of A and B are in the ratio and the capitals of B and C are in the ratio . If A receives a profit share of , find the profit share of C.
- A
- B
- C
- D
Solution & Step-by-step Explanation
We are given two separate capital ratios:
To form a continuous ratio , we must equalize the term corresponding to B. The LCM of and is :
Combining these gives the absolute capital ratio:
Profits are split in this identical ratio. Let the corresponding values be , , and .
Given A's profit share = :
Thus, the profit share of C is:
To form a continuous ratio , we must equalize the term corresponding to B. The LCM of and is :
Combining these gives the absolute capital ratio:
Profits are split in this identical ratio. Let the corresponding values be , , and .
Given A's profit share = :
Thus, the profit share of C is: