To find out how much Mick gets, we first need to determine Celimpilo and Hloni's share of the profit.
The total ratio is 2 + 4 + 6 = 12.
To calculate Celimpilo's share, we divide their ratio by the total ratio and multiply it by the profit:
Celimpilo's share = (2 / 12) * R320000 = R53333.33
To calculate Hloni's share, we do the same calculation:
Hloni's share = (4 / 12) * R320000 = R106666.67
Mick's share is calculated in the same way:
Mick's share = (6 / 12) * R320000 = R160000.
Therefore, Mick gets R160000 of the profit.
Celimpilo, hloni, mick invest in the ratio 2:4:6 in a business. If the profit is R320000, how much does Mick get?
1 answer