Let's say the total end of year profit is P.
The profit ratio between James and Daniel is 4:6, which can also be written as 4x:6x, where x is a common factor.
Since Daniel got ₦4,000 more than James, we can set up the equation:
6x - 4x = ₦4,000
2x = ₦4,000
x = ₦4,000 / 2
x = ₦2,000
Now we can calculate the individual profits:
James' profit (J) = 4x = 4 * ₦2,000 = ₦8,000
Daniel's profit (D) = 6x = 6 * ₦2,000 = ₦12,000
The total annual profit is the sum of their individual profits:
Total profit = J + D = ₦8,000 + ₦12,000 = ₦20,000
Therefore, their total annual profit is ₦20,000.
James and Daniel, owners of J.D
chemicals shared their end of the year profit
in the ratio of 4:6. If Daniel (D) got ₦4,000
more than James (J), calculate their total annual profit
1 answer