Praveen, Sunny, and Ashu Bhati start a business. Twice the capital of Praveen is equal to thrice the capital of Sunny and Sunny's capital is four times Ashu Bhati's capital. Find the Sunny's share if the total profit earned is 297000.
Answer & explanation
Correct answer: option 1
To find Sunny's share, the profit sharing ratio should be known:
2P = 3S and S = 4A
\(\frac{ P}{S }\) = \(\frac{3 }{2 }\)
\(\frac{ S}{A }\) = \(\frac{4 }{1 }\)
According to the chain rule
P : S : A = 6 : 4 : 1
Sunny's share = \(\frac{4 }{11 }\) × 2,97,000
Sunny's share = 1,08,000