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?

A Tk. 64,000
B Tk. 30,000
C Tk. 76,000
D Tk. 68,000

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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