An electrical compay is owned by three partners X,Y and Z and it is agreed that their profit will be shared such that X gets 5/12, Y gets 1/3 and Z receives 5/12. At the end of the year X receives #5000 more than Y. What is the total profit of the company for the year.?
The profit is shared in the form of X : Y : Z
= 5 / 12 : 1 / 3 : 5 / 12 =
5 / 12 : 4 / 12 : 5 / 12
The share = 5 : 4 : 5
At the end of the year X receives 5000 more than Y.
The difference between X's and Y's share = 5 / 12 - 4 / 12 = 1 / 12
The difference between X's and Y's profit = 5000
The total profit of the company = 5000 • 12 = 60000