In a joint business, the ratio of the capitals of three partners is . If the total profit earned in the business is , find the share of the third partner.
- A
- B
- C
- D
Solution & Step-by-step Explanation
The profit is shared explicitly in the ratio of their respective capitals, which is .
Sum of the constituent ratio parameters:
Total profit pool =
Profit allocation of the third partner:
Sum of the constituent ratio parameters:
Total profit pool =
Profit allocation of the third partner: