C, D, and E start a business with investments of $12,000, $18,000, and $30,000 r

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Question: C, D, and E start a business with investments of $12,000, $18,000, and $30,000 respectively. What is the share of E in a profit of $60,000?

Options:

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

Correct Answer: $30,000

Solution:

E\'s share = (E\'s investment / Total investment) * Total profit = (30000 / 60000) * 60000 = $30,000.

C, D, and E start a business with investments of $12,000, $18,000, and $30,000 r

Practice Questions

C, D, and E start a business with investments of $12,000, $18,000, and $30,000 respectively. What is the share of E in a profit of $60,000?

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

Questions & Step-by-Step Solutions

C, D, and E start a business with investments of $12,000, $18,000, and $30,000 respectively. What is the share of E in a profit of $60,000?

Step 1: Identify the investments of each person. C invested $12,000, D invested $18,000, and E invested $30,000.
Step 2: Calculate the total investment by adding all the investments together: $12,000 + $18,000 + $30,000 = $60,000.
Step 3: Find E's share of the total investment by dividing E's investment by the total investment: $30,000 / $60,000.
Step 4: Calculate the fraction: $30,000 / $60,000 = 0.5.
Step 5: To find E's share of the profit, multiply E's fraction of the investment by the total profit: 0.5 * $60,000.
Step 6: Calculate E's share of the profit: 0.5 * $60,000 = $30,000.

Profit Sharing – Understanding how profits are distributed based on individual investments in a business.
Proportional Calculation – Calculating shares based on the ratio of individual contributions to total contributions.

C, D, and E start a business with investments of $12,000, $18,000, and $30,000 r

What’s inside this PDF?

C, D, and E start a business with investments of $12,000, $18,000, and $30,000 r

Practice Questions

Questions & Step-by-Step Solutions

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