A, B and C invested in such a way that, A invested \(\frac{3}{8}\) of the total and B invested \(\frac{1}{3}\) of the total. Find their profit ratio.
Answer & explanation
Correct answer: option 2
Let total capital = 24 ( LCM of 8 & 3 )
A B C
24 × \(\frac{3}{8}\) = 9 24 × \(\frac{1}{3}\) = 8 24 - (9+8) = 7 ( profit of C )
Ratio of the profit = 9 : 8 : 7
[*Profit ratio is same when time is constant for each partner]