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Get access to the detailed solutions to the previous years questions asked in IIFT exam
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'