Q.In a partnership business, the capital ratio of Ratan, Hira, and Ramesh is \(\cfrac{1}{6}:\cfrac{1}{5}:\cfrac{1}{4}\). If the total profit at the end of the year is 3700 rupees, what is Ramesh's share of the profit? (a) 1400 rupees (b) 1200 rupees (c) 1500 rupees (d) 1600 rupees
Answer: C
Ratan, Hira, and Ramesh's capital ratios are \(\cfrac{1}{6}, \cfrac{1}{5}, \cfrac{1}{4}\) \(= 10 : 12 : 15\) \(= \cfrac{10}{37} : \cfrac{12}{37} : \cfrac{15}{37}\) [since \(10 + 12 + 15 = 37\)] \(\therefore\) Ramesh's share of the profit at the end of the year = \(3700 \times \cfrac{15}{37}\) = 1500 rupees
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