L and M invest $10000 and $15000 respectively. If they make a profit of $12000,

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Question: L and M invest $10000 and $15000 respectively. If they make a profit of $12000, how much does L get?

Options:

Correct Answer: $6000

Solution:

Total investment = 10000 + 15000 = 25000. L\'s share = (10000/25000) * 12000 = $4800.

L and M invest $10000 and $15000 respectively. If they make a profit of $12000, how much does L get?

L and M invest $10000 and $15000 respectively. If they make a profit of $12000, how much does L get?

Step 1: Identify the amounts invested by L and M. L invested $10000 and M invested $15000.
Step 2: Calculate the total investment by adding L's and M's investments together: 10000 + 15000 = 25000.
Step 3: Determine L's share of the total investment by dividing L's investment by the total investment: 10000 / 25000.
Step 4: Calculate L's share of the profit by multiplying L's share of the investment by the total profit: (10000 / 25000) * 12000.
Step 5: Simplify the calculation: (0.4) * 12000 = 4800.
Step 6: Conclude that L receives $4800 from the profit.

Profit Sharing – Understanding how profits are distributed based on the ratio of investments.
Ratios and Proportions – Calculating shares based on the total investment and individual contributions.