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J and K invest in a business with J investing $20,000 and K $30,000. If the prof

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Question: J and K invest in a business with J investing $20,000 and K $30,000. If the profit is $10,000, how much does J receive?

Options:

  1. $4,000
  2. $4,500
  3. $5,000
  4. $6,000

Correct Answer: $5,000

Solution: 

J\'s share = (20,000 / (20,000 + 30,000)) * 10,000 = (20,000 / 50,000) * 10,000 = $4,000.

J and K invest in a business with J investing $20,000 and K $30,000. If the prof

Practice Questions

Q1
J and K invest in a business with J investing $20,000 and K $30,000. If the profit is $10,000, how much does J receive?
  1. $4,000
  2. $4,500
  3. $5,000
  4. $6,000

Questions & Step-by-Step Solutions

J and K invest in a business with J investing $20,000 and K $30,000. If the profit is $10,000, how much does J receive?
  • Profit Sharing – Understanding how profits are distributed based on the ratio of investments made by each partner.
  • Fraction Calculation – Calculating shares using fractions based on total investments.
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