E, F, and G invest in a project with E investing $5000, F $7000, and G $3000. If

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Question: E, F, and G invest in a project with E investing $5000, F $7000, and G $3000. If the total profit is $4000, how much does E receive?

Options:

Correct Answer: $2000

Solution:

Total investment = 5000 + 7000 + 3000 = 15000. E\'s share = (5000/15000) * 4000 = $1000.

E, F, and G invest in a project with E investing $5000, F $7000, and G $3000. If the total profit is $4000, how much does E receive?

E, F, and G invest in a project with E investing $5000, F $7000, and G $3000. If the total profit is $4000, how much does E receive?

Step 1: Calculate the total investment by adding E's, F's, and G's investments together: 5000 + 7000 + 3000.
Step 2: The total investment is 15000.
Step 3: Find E's share of the total investment by dividing E's investment by the total investment: 5000 / 15000.
Step 4: E's share of the investment is 1/3 or 0.3333.
Step 5: Calculate E's share of the profit by multiplying E's share by the total profit: 0.3333 * 4000.
Step 6: E's profit from the project is 1000.

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