L, M, and N invest in a business with L investing $10000, M $15000, and N $5000.

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What’s inside this PDF?

Question: L, M, and N invest in a business with L investing $10000, M $15000, and N $5000. If the total profit is $12000, how much does M receive?

Options:

$6000
$8000
$4000
$5000

Correct Answer: $8000

Solution:

Total investment = 10000 + 15000 + 5000 = 30000. M\'s share = (15000/30000) * 12000 = $6000.

L, M, and N invest in a business with L investing $10000, M $15000, and N $5000.

Practice Questions

L, M, and N invest in a business with L investing $10000, M $15000, and N $5000. If the total profit is $12000, how much does M receive?

$6000
$8000
$4000
$5000

Questions & Step-by-Step Solutions

L, M, and N invest in a business with L investing $10000, M $15000, and N $5000. If the total profit is $12000, how much does M receive?

Profit Sharing – Understanding how profits are distributed based on the proportion of investment made by each partner.
Ratios and Proportions – Calculating shares based on the ratio of individual investments to total investments.

L, M, and N invest in a business with L investing $10000, M $15000, and N $5000.

What’s inside this PDF?

L, M, and N invest in a business with L investing $10000, M $15000, and N $5000.

Practice Questions

Questions & Step-by-Step Solutions

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