Multiple choice

A profit of Rs. 1,44,000 has to be divided among three partners Akram, Bipin and Chintan in the respective ratio of 3 : 2 : 7. Calculate Chintan's share in the profit.

  1. Rs. 84,000

  2. Rs. 24,000

  3. Rs. 36,000

  4. Rs. 42,000
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Total ratio parts = 3+2+7 = 12. Chintan's share = (7/12) * 1,44,000 = 7 * 12,000 = 84,000.

AI explanation

The profit is divided using the method of proportional distribution, where the total ratio parts equal 3 plus 2 plus 7, resulting in 12 total parts. Chintan represents 7 of these parts, so his share is 7/12 of the total profit of Rs. 1,44,000. Multiplying 1,44,000 by 7 and dividing by 12 results in Rs. 84,000.

Keep practicing — related questions