A, B, and C are business partners. 10% of the overall profit is paid as a working partner’s compensation. They split up the remaining profit in the following ratios: 2:3:4. Determine the total amount that B and C receive if A receives 3 lac. [Answer Limit: 250 words] [UKPSC 2012]
Let the total profit be P.
Step 1: Calculate A’s Salary
A receives 10% of the total profit as a salary:
A’s salary=0.1PThe remaining profit after A’s salary is:
Remaining profit=P−0.1P=0.9P
Step 2: A’s Total Earnings
According to the problem, A’s total earnings amount to ₹3,00,000:
0.1P+A’s share from remaining profit=3,00,000
Step 3: Distribution of Remaining Profit
The remaining profit 0.9P is distributed among A, B, and C in the ratio 2:3:4. The total parts in the ratio are:
2+3+4=9Thus, A’s share from the remaining profit is:
A’s share from remaining profit=92×0.9P=102P=0.2P
Step 4: Combine A’s Earnings
Now substituting A’s share into the total earnings equation:
0.1P+0.2P=3,00,000 0.3P=3,00,000
Step 5: Calculate Total Profit
Solving for P:
P=0.33,00,000=10,00,000
Step 6: Calculate B and C’s Shares
Now that we have the total profit, we can find B and C’s shares.
Remaining Profit Calculation:
Remaining profit=0.9P=0.9×10,00,000=9,00,000
B’s Share:
B’s share=93×9,00,000=93×9,00,000=3,00,000
C’s Share:
C’s share=94×9,00,000=94×9,00,000=4,00,000
Conclusion:
Thus, the amounts received by B and C are: