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C and D invest in a business with C investing $8000 and D investing $12000. If t

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Question: C and D invest in a business with C investing $8000 and D investing $12000. If they earn a profit of $6000, what is C\'s share of the profit?

Options:

  1. $2000
  2. $2400
  3. $3000
  4. $1800

Correct Answer: $2400

Solution: 

Total investment = 8000 + 12000 = $20000. C\'s share = (8000/20000) * 6000 = $2400.

C and D invest in a business with C investing $8000 and D investing $12000. If t

Practice Questions

Q1
C and D invest in a business with C investing $8000 and D investing $12000. If they earn a profit of $6000, what is C's share of the profit?
  1. $2000
  2. $2400
  3. $3000
  4. $1800

Questions & Step-by-Step Solutions

C and D invest in a business with C investing $8000 and D investing $12000. If they earn a profit of $6000, what is C's share of the profit?
  • Step 1: Identify the amount C invested, which is $8000.
  • Step 2: Identify the amount D invested, which is $12000.
  • Step 3: Calculate the total investment by adding C's and D's investments: 8000 + 12000 = 20000.
  • Step 4: Calculate C's share of the total investment by dividing C's investment by the total investment: 8000 / 20000.
  • Step 5: Multiply C's share of the investment by the total profit to find C's share of the profit: (8000 / 20000) * 6000.
  • Step 6: Calculate the result: (0.4) * 6000 = 2400.
  • Step 7: Conclude that C's share of the profit is $2400.
  • Profit Sharing – Understanding how profits are distributed based on the proportion of investment made by each partner.
  • Ratios and Proportions – Calculating shares based on the ratio of individual investments to total investments.
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