C and D invest in a business with C investing $5000 and D investing $15000. If t

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What’s inside this PDF?

Question: C and D invest in a business with C investing $5000 and D investing $15000. If they earn a profit of $6000, how much profit does C receive?

Options:

$1000
$1500
$2000
$2500

Correct Answer: $2000

Solution:

Total investment = 5000 + 15000 = 20000. C\'s share = (5000/20000) * 6000 = $1500.

C and D invest in a business with C investing $5000 and D investing $15000. If t

Practice Questions

C and D invest in a business with C investing $5000 and D investing $15000. If they earn a profit of $6000, how much profit does C receive?

$1000
$1500
$2000
$2500

Questions & Step-by-Step Solutions

C and D invest in a business with C investing $5000 and D investing $15000. If they earn a profit of $6000, how much profit does C receive?

Step 1: Identify the amount C invested, which is $5000.
Step 2: Identify the amount D invested, which is $15000.
Step 3: Calculate the total investment by adding C's and D's investments: 5000 + 15000 = 20000.
Step 4: Determine C's share of the total investment by dividing C's investment by the total investment: 5000 / 20000.
Step 5: Calculate C's share of the profit by multiplying C's share of the investment by the total profit: (5000 / 20000) * 6000.
Step 6: Simplify the calculation: (1/4) * 6000 = 1500.
Step 7: Conclude that C receives a profit of $1500.

Profit Sharing – Understanding how profits are distributed based on the proportion of investment.
Fraction and Percentage Calculations – Calculating shares of profit using fractions derived from total investments.

C and D invest in a business with C investing $5000 and D investing $15000. If t

What’s inside this PDF?

C and D invest in a business with C investing $5000 and D investing $15000. If t

Practice Questions

Questions & Step-by-Step Solutions

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