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Three individuals form a partnership and agree to divide the profits equally. X invests $4,500, Y invests $3,500 and Z invests...Asked by Suzanne
Three individuals form a partnership and agree to divide the profits equally. X invests $4,500, Y invests $4,500, and Z invests $1,000. If the profits are $1,500, how much less does X receive than if the profits were divided in proportion to the amount invested?
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Answered by
Steve
Equal divisions: x receives $500
Proportional: x receives
4500/(4500+4500+1000) * 1500 = $675
Proportional: x receives
4500/(4500+4500+1000) * 1500 = $675
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