A and B invest in a business with A investing $7000 and B investing $3000. If th

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Question: A and B invest in a business with A investing $7000 and B investing $3000. If they make a profit of $2000, how much does A get?

Options:

Correct Answer: $1400

Solution:

Total investment = 7000 + 3000 = $10000. A\'s share = (7000/10000) * 2000 = $1400.

A and B invest in a business with A investing $7000 and B investing $3000. If they make a profit of $2000, how much does A get?

A and B invest in a business with A investing $7000 and B investing $3000. If they make a profit of $2000, how much does A get?

Step 1: Identify the amount A invested, which is $7000.
Step 2: Identify the amount B invested, which is $3000.
Step 3: Calculate the total investment by adding A's and B's investments: $7000 + $3000 = $10000.
Step 4: Determine A's share of the total investment by dividing A's investment by the total investment: $7000 / $10000.
Step 5: Calculate A's share of the profit by multiplying A's share of the investment by the total profit: (7000 / 10000) * $2000.
Step 6: Perform the calculation: (0.7) * $2000 = $1400.
Step 7: Conclude that A gets $1400 from the profit.

Profit Sharing – Understanding how profits are distributed based on the proportion of investment.
Fraction and Percentage Calculations – Calculating shares of profit using fractions derived from total investments.