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

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What’s inside this PDF?

Question: E, F, and G invest in a project with investments of $5000, $3000, and $2000 respectively. If the profit is $2400, how much does F receive?

Options:

$1200
$800
$600
$1000

Correct Answer: $1200

Solution:

Total investment = 5000 + 3000 + 2000 = 10000. F\'s share = (3000/10000) * 2400 = $720.

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

Practice Questions

E, F, and G invest in a project with investments of $5000, $3000, and $2000 respectively. If the profit is $2400, how much does F receive?

$1200
$800
$600
$1000

Questions & Step-by-Step Solutions

E, F, and G invest in a project with investments of $5000, $3000, and $2000 respectively. If the profit is $2400, how much does F receive?

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 F's share of the total investment by dividing F's investment by the total investment: 3000 / 10000.
Step 5: Calculate F's share of the profit by multiplying F's share of the investment by the total profit: (3000 / 10000) * 2400.
Step 6: The result of the calculation is $720, which is the amount F receives.

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.

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

What’s inside this PDF?

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

Practice Questions

Questions & Step-by-Step Solutions

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