Business partnera A, B and C agree to divide their total profit for the year in the ratios 4 : 7 : 8 respectively. If A's share of the profit is Rs. 16,000, what was the total profit of the business partners for the year?

Business partnera A, B and C agree to divide their total profit for the year in the ratios 4 : 7 : 8 respectively. If A's share of the profit is Rs. 16,000, what was the total profit of the business partners for the year? Correct Answer Rs. 76,000

Let the total profit be P. Now, A's share of profit, 4 / (4 + 7 + 8) × P = 16000 or, 4P/19 = 16000 or, P = 16000 × 19 / 4 = 76000 Rs.

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