E, F, and G invest in a project with E investing $12,000, F $8,000, and G $10,00

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Question: E, F, and G invest in a project with E investing $12,000, F $8,000, and G $10,000. If the profit is $6,000, how much does F get?

Options:

Correct Answer: $1,500

Solution:

F\'s share = (8,000 / (12,000 + 8,000 + 10,000)) * 6,000 = (8,000 / 30,000) * 6,000 = $1,600.

E, F, and G invest in a project with E investing $12,000, F $8,000, and G $10,000. If the profit is $6,000, how much does F get?

E, F, and G invest in a project with E investing $12,000, F $8,000, and G $10,000. If the profit is $6,000, how much does F get?

Step 1: Identify the total investment by adding E's, F's, and G's investments together. E invests $12,000, F invests $8,000, and G invests $10,000.
Step 2: Calculate the total investment: 12,000 + 8,000 + 10,000 = 30,000.
Step 3: Determine F's share of the total investment by dividing F's investment by the total investment. F's investment is $8,000.
Step 4: Calculate F's share: 8,000 / 30,000.
Step 5: Multiply F's share by the total profit of $6,000 to find out how much F gets.
Step 6: Calculate F's profit: (8,000 / 30,000) * 6,000 = 1,600.

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