The annual profits of a transport business were divided between the partners A and B in the ratio 3: 5. If B received N3000 more than A, the total profit was
The correct answer is C. N12000
The profits were divided between partners A and B in the ratio 3:5. This means for every 8 parts of the profit, A received 3 parts and B received 5 parts.
Given that B received N3000 more than A, this difference corresponds to 2 parts in the ratio (5 - 3 = 2). Therefore, each part is worth N1500 (N3000 / 2).
The total profit corresponds to all 8 parts of the ratio, so it is 8 * N1500 = N12000.
So, the total profit was N12000.
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