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C and D invest in a business with C investing $7000 and D investing $3000. If th

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Question: C and D invest in a business with C investing $7000 and D investing $3000. If they earn a profit of $2000, how much profit does D receive?

Options:

  1. $600
  2. $800
  3. $400
  4. $500

Correct Answer: $800

Solution: 

Total investment = 7000 + 3000 = 10000. D\'s share = (3000/10000) * 2000 = $600.

C and D invest in a business with C investing $7000 and D investing $3000. If th

Practice Questions

Q1
C and D invest in a business with C investing $7000 and D investing $3000. If they earn a profit of $2000, how much profit does D receive?
  1. $600
  2. $800
  3. $400
  4. $500

Questions & Step-by-Step Solutions

C and D invest in a business with C investing $7000 and D investing $3000. If they earn a profit of $2000, how much profit does D receive?
  • Step 1: Identify the amount C invested, which is $7000.
  • Step 2: Identify the amount D invested, which is $3000.
  • Step 3: Calculate the total investment by adding C's and D's investments: 7000 + 3000 = 10000.
  • Step 4: Determine D's share of the total investment by dividing D's investment by the total investment: 3000 / 10000.
  • Step 5: Calculate D's share of the profit by multiplying D's share of the investment by the total profit: (3000 / 10000) * 2000.
  • Step 6: Simplify the calculation: (0.3) * 2000 = 600.
  • Step 7: Conclude that D receives a profit of $600.
  • Profit Sharing – Understanding how profits are distributed based on the proportion of investment.
  • Fraction and Percentage Calculations – Calculating shares of profit using fractions and percentages based on total investment.
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