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M and N invest in a business in the ratio 3:5. If N's profit is $32,000, what is

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Question: M and N invest in a business in the ratio 3:5. If N\'s profit is $32,000, what is the total profit?

Options:

  1. $48,000
  2. $56,000
  3. $64,000
  4. $72,000

Correct Answer: $64,000

Solution: 

N\'s share = 5 parts. Total parts = 3 + 5 = 8. Total profit = (8/5) * 32000 = $51,200.

M and N invest in a business in the ratio 3:5. If N's profit is $32,000, what is

Practice Questions

Q1
M and N invest in a business in the ratio 3:5. If N's profit is $32,000, what is the total profit?
  1. $48,000
  2. $56,000
  3. $64,000
  4. $72,000

Questions & Step-by-Step Solutions

M and N invest in a business in the ratio 3:5. If N's profit is $32,000, what is the total profit?
  • Ratio and Proportion – Understanding how to calculate shares based on given ratios.
  • Profit Sharing – Calculating total profit based on individual shares of profit.
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