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A, B, and C invest in a business with investments of $4000, $6000, and $10000 re
Practice Questions
Q1
A, B, and C invest in a business with investments of $4000, $6000, and $10000 respectively. If the total profit is $6000, how much does C receive?
$2000
$3000
$4000
$5000
Questions & Step-by-Step Solutions
A, B, and C invest in a business with investments of $4000, $6000, and $10000 respectively. If the total profit is $6000, how much does C receive?
Steps
Concepts
Step 1: Identify the investments of A, B, and C. A invests $4000, B invests $6000, and C invests $10000.
Step 2: Calculate the total investment by adding A's, B's, and C's investments together: 4000 + 6000 + 10000.
Step 3: The total investment is $20000.
Step 4: Determine C's share of the total investment by dividing C's investment by the total investment: 10000 / 20000.
Step 5: Calculate C's share of the profit by multiplying C's share of the investment by the total profit: (10000 / 20000) * 6000.
Step 6: The result is C's profit, which is $3000.
Profit Sharing
– Understanding how profits are distributed based on the proportion of investment.
Ratios and Proportions
– Calculating shares based on the ratio of individual investments to total investments.
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