A, B and C have earned a profit of Rs. 18 lakh in their business. A and B get Rs. 3 lakh each as their share of profit. The ratio of profit of A, B and C in their business is:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → 1:1:4
The ratio of profit is the ratio of the three shares, so C’s share is found first: it is what is left of the total after A and B are paid.
C’s share \(=18-3-3=12\) lakh
A : B : C \(=3:3:12\)
Dividing by 3: A : B : C \(=\) 1 : 1 : 4