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J and K invest $10000 and $15000 respectively. If they make a profit of $5000, w

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Question: J and K invest $10000 and $15000 respectively. If they make a profit of $5000, what is J\'s share?

Options:

  1. $2000
  2. $1500
  3. $2500
  4. $3000

Correct Answer: $2000

Solution: 

Total investment = 10000 + 15000 = 25000. J\'s share = (10000/25000) * 5000 = $2000.

J and K invest $10000 and $15000 respectively. If they make a profit of $5000, w

Practice Questions

Q1
J and K invest $10000 and $15000 respectively. If they make a profit of $5000, what is J's share?
  1. $2000
  2. $1500
  3. $2500
  4. $3000

Questions & Step-by-Step Solutions

J and K invest $10000 and $15000 respectively. If they make a profit of $5000, what is J's share?
  • Profit Sharing – Understanding how profits are distributed based on the proportion of investment.
  • Ratio Calculation – Calculating shares based on the ratio of individual investments to total investments.
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