If A invests $50,000 and B invests $70,000 in a partnership, and they agree to s

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Question: If A invests $50,000 and B invests $70,000 in a partnership, and they agree to share profits in the ratio of their investments, what will be A\'s share if the total profit is $30,000?

Options:

$12,000
$15,000
$18,000
$20,000

Correct Answer: $15,000

Solution:

Total investment = 50000 + 70000 = 120000. A\'s share = (50000/120000) * 30000 = $12,500.

If A invests $50,000 and B invests $70,000 in a partnership, and they agree to s

Practice Questions

If A invests $50,000 and B invests $70,000 in a partnership, and they agree to share profits in the ratio of their investments, what will be A's share if the total profit is $30,000?

$12,000
$15,000
$18,000
$20,000

Questions & Step-by-Step Solutions

If A invests $50,000 and B invests $70,000 in a partnership, and they agree to share profits in the ratio of their investments, what will be A's share if the total profit is $30,000?

Step 1: Identify the amount A invested, which is $50,000.
Step 2: Identify the amount B invested, which is $70,000.
Step 3: Calculate the total investment by adding A's and B's investments: $50,000 + $70,000 = $120,000.
Step 4: Determine A's share of the total investment by dividing A's investment by the total investment: $50,000 / $120,000.
Step 5: Calculate A's share of the profit by multiplying A's share of the investment by the total profit: (50000 / 120000) * 30000.
Step 6: Simplify the calculation: (0.4167) * 30000 = $12,500.

Profit Sharing in Partnerships – Understanding how profits are distributed based on the ratio of investments made by partners.
Ratios and Proportions – Calculating shares based on proportional investments.
Basic Arithmetic – Performing addition and multiplication to find total investments and individual shares.

If A invests $50,000 and B invests $70,000 in a partnership, and they agree to s

What’s inside this PDF?

If A invests $50,000 and B invests $70,000 in a partnership, and they agree to s

Practice Questions

Questions & Step-by-Step Solutions

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