Answer:
Amount of share = $12,500
Amount received by A = $37,500
Amount received by B = $62,500
Amount received by C = $50,000
Step-by-step explanation:
Total profit = $1,50,000
No. of shares received by partner A = 3
No. of shares received by Partner B = 5
No. of shares received by Partner C = 4
Ratio of profit = 3:5:4
Amount received by A = [tex]\frac{3}{12}[/tex]×1,50,000
= $37,500
Amount received by B = [tex]\frac{5}{12}[/tex]×1,50,000
= $62,500
Amount received by C = [tex]\frac{4}{12}[/tex]×1,50,000
= $50,000
Now, for 3 shares A gets = $37,500
Amount of 1 share = [tex]\frac{37,500}{3}[/tex]
= $12,500
Hence, amount of a share = $12,500
