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The ratio of investment of A and B is 5 : 6 and that of B and C is 3 : 7. A, B, and C invested for 12 months, 10 months, and 10 months respectively. At the end of the year, the profit share of A is Rs. 1740. Find the profit share C?
Rs. 4060
Rs. 4160
Rs. 4260
Rs. 4360
Rs. 4560
To solve the problem, follow these steps:
- The initial investment ratios: A:B = 5:6, B:C = 3:7.
- Combine A:B and B:C to find A:B:C.
* A:B = 5:6
* B:C = 3:7.
* Equate B's part: Multiply A:B by 3 ? 15:18, and B:C by 6 ? 18:42.
* Therefore, A:B:C = 15:18:42.
- Adjust for the duration of investment:
* A's investment = 15 * 12 = 180
* B's investment = 18 * 10 = 180
* C's investment = 42 * 10 = 420
- Combine these to find the profit ratio: 180:180:420 or 1:1:2.33 approximately.
- Given A's share of profit = Rs. 1740.
- Calculate the total profit ratio: 1+1+2.33 = 4.33.
- Each part's value = 1740 / 1 (as A has a ratio of 1) = Rs. 1740.
- Thus, C's share = 2.33 * 1740 = Rs. 4055.82. Round off to Rs. 4060.
- Correct Answer: Option:1, Rs. 4060
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