C, D, and E start a business with investments of $5,000, $10,000, and $15,000 re

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Question: C, D, and E start a business with investments of $5,000, $10,000, and $15,000 respectively. If they make a profit of $60,000, how much will C receive?

Options:

$10,000
$15,000
$12,000
$5,000

Correct Answer: $12,000

Solution:

Total investment = 5000 + 10000 + 15000 = 30000. C\'s share = (5000 / 30000) * 60000 = $10,000.

C, D, and E start a business with investments of $5,000, $10,000, and $15,000 re

Practice Questions

C, D, and E start a business with investments of $5,000, $10,000, and $15,000 respectively. If they make a profit of $60,000, how much will C receive?

$10,000
$15,000
$12,000
$5,000

Questions & Step-by-Step Solutions

C, D, and E start a business with investments of $5,000, $10,000, and $15,000 respectively. If they make a profit of $60,000, how much will C receive?

Step 1: Identify the investments of each person. C invested $5,000, D invested $10,000, and E invested $15,000.
Step 2: Calculate the total investment by adding all the investments together: 5000 + 10000 + 15000.
Step 3: The total investment is $30,000.
Step 4: Determine C's share of the total investment by dividing C's investment by the total investment: 5000 / 30000.
Step 5: Calculate C's share of the profit by multiplying C's share of the investment by the total profit: (5000 / 30000) * 60000.
Step 6: The result of the calculation is C's profit, which is $10,000.

Profit Sharing – Understanding how profits are distributed based on the proportion of investment made by each partner.
Ratios and Proportions – Calculating shares based on the ratio of individual investments to total investments.

C, D, and E start a business with investments of $5,000, $10,000, and $15,000 re

What’s inside this PDF?

C, D, and E start a business with investments of $5,000, $10,000, and $15,000 re

Practice Questions

Questions & Step-by-Step Solutions

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