All Courses » IIFT » Iift 2010 » Question 7 Solution

Iift 2010 Question 7

This is a detailed step-by-step solution for Iift 2010 Question 7. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.

IIFT 2010

Let the total profit be P. Shyam will get 0.2P for managing the business rest 0.8 P will be divided in the ratio of 2:4:3
i.e. shyam will get 0.2P+0.8P 2/9 and Gopal and Madhur will together get 0.8P 7/9
Given that 0.8P* 7/9 - (0.2P+0.8P* 2/9) = 2200
Solving we get P = 9000 therefore profit madhur will get is 0.8 x 9000 x 1/3= 2400
Therefore our answer is option 'B'

← Back to Questions Free Resources

Solved by Stalwart Experts

Our team of MBA educators with 10+ years experience provides accurate, verified solutions. Meet the Team

Trusted by thousands of MBA aspirants • Updated regularly
get_footer(); ?>