Problem Analysis:
Let the shares of the three partners be $14x$, $10x$, and $16x$, corresponding to the given ratio.
The difference between the largest and smallest shares is given as ₹29,547.
Mathematically, this is:
$16x - 10x = 29,547$
$6x = 29,547$
To find the value of one part ($x$), divide the difference by 6:
$x = \frac{29,547}{6}$
$x = 4924.5$
First, find the sum of the ratio parts:
Total ratio parts = $14 + 10 + 16 = 40$
The total profit is the sum of the ratio parts multiplied by the value of one part ($x$):
Total Profit = Total ratio parts $\times x$
Total Profit = $40 \times 4924.5$
Total Profit = $196,980$
Therefore, the total profit of the company is ₹196,980.
Kiran, Vimal and Naveen started a business by investing Rs. 1,35,000, Rs. 1,50,000 and Rs. 1,65,000 respectively. Find the share of each (respectively), out of an annual profit of Rs. 60,000.
When the incoming partner cannot bring premium for goodwill, then the necessary adjustment for goodwill is done through which one of the following?
A, B, C invest Rs. 20000, Rs. 30000, Rs. 40000 in a business. After one year, A withdrew his money but B and C continued for one more year. If the net profit after 2 years be Rs. 32000, then A’s share in the profit is:
Manoj received Rs. 6000 as his share out of the total profit of Rs. 9000 which he and Ramesh earned at the end of one year. If Manoj invested Rs. 20000 for 6 months, whereas Ramesh invested his amount for the whole year, what was the amount invested by Ramesh?
Three friends A, B, and C invested Rs. 20,000, Rs. 18,000, and Rs. 14,000, respectively in a business. If at the end of the year they got a profit of Rs. 7,800, then the profit share of B would be: