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A, B and C invest $ 15000, $ 20000 and $ 25000 respectively in a business. The profit earned is $ 1200. Find the share of A in the profit.
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- $ 300
- $ 400
- $ 500
- $ 600
Correct Option: A
Given that , Total profit = $ 1200
Invested money by A = $ 15000
Invested money by B = $ 20000
And Invested money by C = $ 25000
This is a case of simple partnership
Sum of the ratios = 3 + 4 + 5 = 12
Share of A = | × 1200 = $ 300 | 12 |