If A, B, and C invest $15,000, $25,000, and $10,000 respectively, what is the to

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Question: If A, B, and C invest $15,000, $25,000, and $10,000 respectively, what is the total profit if they earn $18,000?

Options:

Correct Answer: $9,000

Solution:

Total investment = 15000 + 25000 + 10000 = 50000. Profit share for C = (10000/50000) * 18000 = $3,600.

If A, B, and C invest $15,000, $25,000, and $10,000 respectively, what is the total profit if they earn $18,000?

If A, B, and C invest $15,000, $25,000, and $10,000 respectively, what is the total profit if they earn $18,000?

Correct Answer: $3,600

Step 1: Identify the amounts invested by A, B, and C. A invests $15,000, B invests $25,000, and C invests $10,000.
Step 2: Calculate the total investment by adding the amounts together: 15000 + 25000 + 10000.
Step 3: Perform the addition: 15000 + 25000 = 40000, then 40000 + 10000 = 50000. So, the total investment is $50,000.
Step 4: Identify the total profit earned, which is $18,000.
Step 5: Calculate the share of the profit for C. First, find C's investment as a fraction of the total investment: 10000 / 50000.
Step 6: Perform the division: 10000 / 50000 = 0.2.
Step 7: Multiply C's fraction by the total profit to find C's share: 0.2 * 18000.
Step 8: Perform the multiplication: 0.2 * 18000 = 3600. So, C's share of the profit is $3,600.

Profit Sharing – Understanding how to distribute profits based on the proportion of investment.
Total Investment Calculation – Calculating the total amount invested by all parties involved.