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K and L invest in a business with K investing $15,000 and L investing $25,000. I

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Question: K and L invest in a business with K investing $15,000 and L investing $25,000. If they make a profit of $40,000, how much does L get?

Options:

  1. $15,000
  2. $20,000
  3. $25,000
  4. $30,000

Correct Answer: $30,000

Solution: 

Total investment = 15000 + 25000 = 40000. L\'s share = (25000 / 40000) * 40000 = $25,000.

K and L invest in a business with K investing $15,000 and L investing $25,000. I

Practice Questions

Q1
K and L invest in a business with K investing $15,000 and L investing $25,000. If they make a profit of $40,000, how much does L get?
  1. $15,000
  2. $20,000
  3. $25,000
  4. $30,000

Questions & Step-by-Step Solutions

K and L invest in a business with K investing $15,000 and L investing $25,000. If they make a profit of $40,000, how much does L get?
No concepts available.
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