You decided to join the partnership of august and april. August has a capital of 50,000 while april puts up a capital of 75,000. The three of you decided that your profit and loss ratio would be 1:2:3 for august,april and yourself, and you further agreed to make your capitalization equal to your profit sharing ratio.How much additional capital should april and yourself make to make your capital contributions equal to your profit and loss sharing ratio?

Question

You decided to join the partnership of august and april. August has a capital of 50,000 while april puts up a capital of 75,000. The three of you decided that your profit and loss ratio would be 1:2:3 for august,april and yourself, and you further agreed to make your capitalization equal to your profit sharing ratio.How much additional capital should april and yourself make  to make your capital contributions equal to your profit and loss sharing ratio?

Darryle · Answer

X+2y+3z ≤ 1000