If A invests $50,000 and B invests $70,000 in a business, and they agree to shar

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What’s inside this PDF?

Question: If A invests $50,000 and B invests $70,000 in a business, and they agree to share profits equally, what will be A\'s share if the total profit is $120,000?

Options:

$60,000
$50,000
$40,000
$30,000

Correct Answer: $60,000

Solution:

Since they share profits equally, A\'s share = Total profit / 2 = 120000 / 2 = $60,000.

If A invests $50,000 and B invests $70,000 in a business, and they agree to shar

Practice Questions

If A invests $50,000 and B invests $70,000 in a business, and they agree to share profits equally, what will be A's share if the total profit is $120,000?

$60,000
$50,000
$40,000
$30,000

Questions & Step-by-Step Solutions

If A invests $50,000 and B invests $70,000 in a business, and they agree to share profits equally, what will be A's share if the total profit is $120,000?

Step 1: Identify the total profit, which is $120,000.
Step 2: Understand that A and B agreed to share the profits equally.
Step 3: Since they share equally, divide the total profit by 2.
Step 4: Calculate A's share: $120,000 divided by 2 equals $60,000.
Step 5: Conclude that A's share of the profit is $60,000.

Profit Sharing – Understanding how profits are distributed among partners in a business based on their agreement.
Investment vs. Profit Share – Recognizing that the amount invested does not necessarily determine the share of profits if an agreement states otherwise.

If A invests $50,000 and B invests $70,000 in a business, and they agree to shar

What’s inside this PDF?

If A invests $50,000 and B invests $70,000 in a business, and they agree to shar

Practice Questions

Questions & Step-by-Step Solutions

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