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L and M invest in a business in the ratio 5:3. If L's profit is $1,250, what is

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Question: L and M invest in a business in the ratio 5:3. If L\'s profit is $1,250, what is M\'s profit?

Options:

  1. $750
  2. $500
  3. $600
  4. $800

Correct Answer: $750

Solution: 

If L\'s profit is $1,250 and the ratio is 5:3, then M\'s profit is (3/5) * 1,250 = $750.

L and M invest in a business in the ratio 5:3. If L's profit is $1,250, what is

Practice Questions

Q1
L and M invest in a business in the ratio 5:3. If L's profit is $1,250, what is M's profit?
  1. $750
  2. $500
  3. $600
  4. $800

Questions & Step-by-Step Solutions

L and M invest in a business in the ratio 5:3. If L's profit is $1,250, what is M's profit?
  • Step 1: Understand the ratio of L's and M's investment, which is 5:3.
  • Step 2: Recognize that the total parts in the ratio are 5 + 3 = 8 parts.
  • Step 3: Determine how much profit corresponds to each part by dividing L's profit by the number of parts L has: 1,250 / 5 = 250.
  • Step 4: Calculate M's profit by multiplying the profit per part by the number of parts M has: 250 * 3 = 750.
  • Step 5: Conclude that M's profit is $750.
  • Ratio and Proportion – Understanding how to use ratios to determine proportional values in a given context.
  • Profit Sharing – Calculating individual profits based on a shared investment ratio.
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