Business Partners, 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 Tk. 16,000, what was the total profit of the business partners for the year?

Business Partners, 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 Tk. 16,000, what was the total profit of the business partners for the year? Correct Answer Tk. 76,000

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