SOLUTION: kane and abel start a business investing Rs 7 lakh and Rs 9 lakh respectively. At the end of a year, they make a profit of Rs 320000. How should they divided this amount ?

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Question 1136875: kane and abel start a business investing Rs 7 lakh and Rs 9 lakh respectively. At the end of a year, they make a profit of Rs 320000. How should they divided this amount ?
Answer by ikleyn(52875) About Me  (Show Source):
You can put this solution on YOUR website!
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From Wikipedia, the free encyclopedia (https://en.wikipedia.org/wiki/Lakh) 

    A lakh (/læk, lɑːk/; abbreviated L; is a unit in the Indian numbering system 
    equal to one hundred thousand (100,000; scientific notation: 10%5E5).


Solution 

They should divide this amount in the ratio Kane to Abel as 7 to 9.


It is easy to calculate mentally.


There are 7 + 9 = 16 equal parts;  each part of  320000%2F16 = 20000 rupees.


Kane obtains 7*20000 = 140,000 rupees.


Abel obtains 9*20000 = 180,000 rupees.

Answered, explained and solved.