Asked by Steve
Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less
does x receive compared to having the profits divided in proportion to the amounts invested by X, Y, and Z?
does x receive compared to having the profits divided in proportion to the amounts invested by X, Y, and Z?
Answers
Answered by
Reiny
So their profits should be divided in the ratio of
9 : 7 : 4
so X will get 9/20 x 4800
Y will get 7/20 x 4800
Z will get 4/20 x 4800
I will let you do the 'button-pushing'
9 : 7 : 4
so X will get 9/20 x 4800
Y will get 7/20 x 4800
Z will get 4/20 x 4800
I will let you do the 'button-pushing'
Answered by
john
2160
Answered by
Anjali
X 9/20*4800= 2160
So X should get $ 2160.00
instead of $ 1600.00
X is receiving 2160-1600= $560 less
So X should get $ 2160.00
instead of $ 1600.00
X is receiving 2160-1600= $560 less
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