Mathematics · Ratio and Proportion
In a three-way joint venture, the first partner contributes capital, the second contributes time and strategy, and the third brings a network of suppliers. They agree to share profits in the ratio 3:2:2. If the venture earns Rs. 1,40,000 in the first year, how much should the second partner receive?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 30,000
- 2Rs. 35,000
- 3Rs. 40,000✓
- 4Rs. 45,000
Correct answer
Rs. 40,000
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