E, F, and G invest in a project with investments of $5000, $3000, and $2000 resp

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Question: E, F, and G invest in a project with investments of $5000, $3000, and $2000 respectively. If the profit is $2400, what is G\'s share?

Options:

Correct Answer: $600

Solution:

Total investment = 5000 + 3000 + 2000 = 10000. G\'s share = (2000/10000) * 2400 = $480.

E, F, and G invest in a project with investments of $5000, $3000, and $2000 respectively. If the profit is $2400, what is G's share?

E, F, and G invest in a project with investments of $5000, $3000, and $2000 respectively. If the profit is $2400, what is G's share?

Step 1: Identify the investments made by E, F, and G. E invested $5000, F invested $3000, and G invested $2000.
Step 2: Calculate the total investment by adding all the individual investments together: 5000 + 3000 + 2000.
Step 3: The total investment is $10000.
Step 4: Determine G's share of the total investment by dividing G's investment by the total investment: 2000 / 10000.
Step 5: Calculate G's share of the profit by multiplying G's share of the investment by the total profit: (2000 / 10000) * 2400.
Step 6: The result of the calculation is G's share of the profit, which is $480.

Profit Sharing – Understanding how profits are distributed based on the proportion of individual investments.
Proportional Calculation – Calculating shares based on total contributions and total profit.