the profit on a business was shared between two partners P:Q in the ratio 3:4.if Q received #8,000 more than P, the profit was?
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To find the profit, we need to determine the individual shares of each partner. Since the profit is being shared in the ratio 3:4 between partners P and Q respectively, let's assume the common ratio between their shares is "x".
According to the given information, we know that Q received #8,000 more than P. So, we can set up the following equation based on the ratio:
4x - 3x = 8,000
Simplifying the equation:
x = 8,000
Now we can calculate the individual shares of P and Q:
P's share = 3 * 8,000 = #24,000
Q's share = 4 * 8,000 = #32,000
Therefore, the total profit was #24,000 + #32,000 = #56,000.