A, B, and C invest in a business with investments of $5,000, $10,000, and $15,00

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Question: A, B, and C invest in a business with investments of $5,000, $10,000, and $15,000 respectively. If the total profit is $60,000, how much does C receive?

Options:

$20,000
$25,000
$30,000
$15,000

Correct Answer: $30,000

Solution:

Total investment = 5,000 + 10,000 + 15,000 = 30,000. C\'s share = (15,000/30,000) * 60,000 = $30,000.

A, B, and C invest in a business with investments of $5,000, $10,000, and $15,00

Practice Questions

A, B, and C invest in a business with investments of $5,000, $10,000, and $15,000 respectively. If the total profit is $60,000, how much does C receive?

$20,000
$25,000
$30,000
$15,000

Questions & Step-by-Step Solutions

A, B, and C invest in a business with investments of $5,000, $10,000, and $15,000 respectively. If the total profit is $60,000, how much does C receive?

Step 1: Identify the investments of A, B, and C. A invests $5,000, B invests $10,000, and C invests $15,000.
Step 2: Calculate the total investment by adding A's, B's, and C's investments together: 5,000 + 10,000 + 15,000.
Step 3: The total investment is $30,000.
Step 4: Determine C's share of the total investment by dividing C's investment by the total investment: 15,000 / 30,000.
Step 5: Calculate C's share of the profit by multiplying C's share of the investment by the total profit: (15,000 / 30,000) * 60,000.
Step 6: C's share of the profit is $30,000.

Proportional Distribution – Understanding how profits are distributed based on the proportion of individual investments relative to the total investment.
Basic Arithmetic – Performing addition and multiplication to calculate total investments and individual shares.

A, B, and C invest in a business with investments of $5,000, $10,000, and $15,00

What’s inside this PDF?

A, B, and C invest in a business with investments of $5,000, $10,000, and $15,00

Practice Questions

Questions & Step-by-Step Solutions

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