C, D, and E start a business with investments of $12,000, $18,000, and $30,000 r

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Question: C, D, and E start a business with investments of $12,000, $18,000, and $30,000 respectively. What is the share of D in a profit of $60,000?

Options:

$18,000
$24,000
$12,000
$30,000

Correct Answer: $24,000

Solution:

D\'s share = (D\'s investment / Total investment) * Total profit = (18000 / 60000) * 60000 = $18,000.

C, D, and E start a business with investments of $12,000, $18,000, and $30,000 r

Practice Questions

C, D, and E start a business with investments of $12,000, $18,000, and $30,000 respectively. What is the share of D in a profit of $60,000?

$18,000
$24,000
$12,000
$30,000

Questions & Step-by-Step Solutions

C, D, and E start a business with investments of $12,000, $18,000, and $30,000 respectively. What is the share of D in a profit of $60,000?

Step 1: Identify the investments of each person. C invests $12,000, D invests $18,000, and E invests $30,000.
Step 2: Calculate the total investment by adding all the individual investments together: $12,000 + $18,000 + $30,000 = $60,000.
Step 3: Determine D's share of the total investment by dividing D's investment by the total investment: $18,000 / $60,000.
Step 4: Calculate the fraction: $18,000 / $60,000 = 0.3.
Step 5: To find D's share of the profit, multiply D's fraction of the investment by the total profit: 0.3 * $60,000.
Step 6: Calculate D's share of the profit: 0.3 * $60,000 = $18,000.

Profit Sharing – Understanding how profits are distributed based on individual investments in a business.
Proportional Calculation – Calculating shares based on the ratio of individual investment to total investment.

C, D, and E start a business with investments of $12,000, $18,000, and $30,000 r

What’s inside this PDF?

C, D, and E start a business with investments of $12,000, $18,000, and $30,000 r

Practice Questions

Questions & Step-by-Step Solutions

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