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
Let's say that the total profit was x.
Since the profits were divided between the partners A and B in the ratio 3 : 5, we can say that A received \(\frac{3}{8}\) of the total profit and B received \(\frac{5}{8}\) of the total profit.
We are told that B received N3000 more than A, so we can set up an equation to find the total profit:
\(\frac{5}{8}x - \frac{3}{8}x = 3000\).
Solving for \(x\), we get \(x = \frac{3000 \times 8}{2} = 12000\).
Therefore, the total profit was N12000,
Previous question Next questionWhat is Exam without Practice? With our customizable CBT practice tests, you’ll be well-prepared and ready to excel in your examsStart Practicing Now