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J and K invest $7000 and $3000 respectively. If the profit is $5000, what is K's

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Question: J and K invest $7000 and $3000 respectively. If the profit is $5000, what is K\'s share?

Options:

  1. $1500
  2. $2000
  3. $2500
  4. $3000

Correct Answer: $2000

Solution: 

Total investment = 7000 + 3000 = 10000. K\'s share = (3000/10000) * 5000 = $1500.

J and K invest $7000 and $3000 respectively. If the profit is $5000, what is K's

Practice Questions

Q1
J and K invest $7000 and $3000 respectively. If the profit is $5000, what is K's share?
  1. $1500
  2. $2000
  3. $2500
  4. $3000

Questions & Step-by-Step Solutions

J and K invest $7000 and $3000 respectively. If the profit is $5000, what is K's share?
  • Profit Sharing – Understanding how profits are distributed based on the proportion of investment.
  • Proportional Calculation – Calculating shares based on total contributions.
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