L, M, and N invest in a business with amounts of $8000, $6000, and $4000 respect

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Question: L, M, and N invest in a business with amounts of $8000, $6000, and $4000 respectively. If the profit is $3000, what is M\'s share?

Options:

Correct Answer: $1200

Solution:

Total investment = 8000 + 6000 + 4000 = 18000. M\'s share = (6000/18000) * 3000 = $1000.

L, M, and N invest in a business with amounts of $8000, $6000, and $4000 respectively. If the profit is $3000, what is M's share?

L, M, and N invest in a business with amounts of $8000, $6000, and $4000 respectively. If the profit is $3000, what is M's share?

Step 1: Identify the amounts invested by L, M, and N. L invested $8000, M invested $6000, and N invested $4000.
Step 2: Calculate the total investment by adding the amounts together: 8000 + 6000 + 4000.
Step 3: Perform the addition: 8000 + 6000 = 14000, then 14000 + 4000 = 18000. So, the total investment is $18000.
Step 4: Determine M's share of the profit. M invested $6000 out of the total $18000.
Step 5: Calculate the fraction of the total investment that M's investment represents: 6000 / 18000.
Step 6: Simplify the fraction: 6000 / 18000 = 1/3.
Step 7: Calculate M's share of the profit by multiplying the fraction by the total profit: (1/3) * 3000.
Step 8: Perform the multiplication: 3000 / 3 = 1000. So, M's share of the profit is $1000.

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