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If A invests $2000 and B invests $3000 in a partnership, what is the total profi

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Question: If A invests $2000 and B invests $3000 in a partnership, what is the total profit if A\'s share is $800?

Options:

  1. $1200
  2. $1600
  3. $2000
  4. $1000

Correct Answer: $1200

Solution:

A\'s share = (2000/5000) * Total Profit. If A\'s share is $800, Total Profit = (800 * 5000) / 2000 = $2000.

If A invests $2000 and B invests $3000 in a partnership, what is the total profi

Practice Questions

Q1
If A invests $2000 and B invests $3000 in a partnership, what is the total profit if A's share is $800?
  1. $1200
  2. $1600
  3. $2000
  4. $1000

Questions & Step-by-Step Solutions

If A invests $2000 and B invests $3000 in a partnership, what is the total profit if A's share is $800?
  • Step 1: Identify the total investment by A and B. A invests $2000 and B invests $3000. So, total investment = 2000 + 3000 = 5000.
  • Step 2: Determine A's share of the total profit. A's share is given as $800.
  • Step 3: Use the formula to find the total profit. The formula is: A's share = (A's investment / Total investment) * Total Profit.
  • Step 4: Rearrange the formula to find Total Profit: Total Profit = (A's share * Total investment) / A's investment.
  • Step 5: Substitute the values into the formula: Total Profit = (800 * 5000) / 2000.
  • Step 6: Calculate the total profit: Total Profit = 4000000 / 2000 = 2000.
  • Partnership Profit Sharing – Understanding how profits are distributed in a partnership based on the ratio of investments.
  • Proportional Calculation – Calculating total profit using proportional relationships based on individual investments.
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