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L, M, and N invest in a business with investments of $8000, $6000, and $4000 res

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Question: L, M, and N invest in a business with investments of $8000, $6000, and $4000 respectively. If the profit is $6000, how much does M receive?

Options:

  1. $2400
  2. $1800
  3. $2000
  4. $3000

Correct Answer: $2400

Solution:

Total investment = 8000 + 6000 + 4000 = 18000. M\'s share = (6000/18000) * 6000 = $2000.

L, M, and N invest in a business with investments of $8000, $6000, and $4000 res

Practice Questions

Q1
L, M, and N invest in a business with investments of $8000, $6000, and $4000 respectively. If the profit is $6000, how much does M receive?
  1. $2400
  2. $1800
  3. $2000
  4. $3000

Questions & Step-by-Step Solutions

L, M, and N invest in a business with investments of $8000, $6000, and $4000 respectively. If the profit is $6000, how much does M receive?
  • Profit Sharing – Understanding how profits are distributed based on the proportion of investment made by each partner.
  • Proportional Calculation – Calculating shares based on total contributions and individual investments.
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