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If A invests $40,000 and B invests $60,000 in a business, and they earn a profit
If A invests $40,000 and B invests $60,000 in a business, and they earn a profit of $20,000, how much profit will B receive?
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Practice Questions
1 question
Q1
If A invests $40,000 and B invests $60,000 in a business, and they earn a profit of $20,000, how much profit will B receive?
$8,000
$12,000
$10,000
$14,000
Show Solution
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Total investment = 40000 + 60000 = 100000. B's share = (60000/100000) * 20000 = $12,000.
Questions & Step-by-step Solutions
1 item
Q
Q: If A invests $40,000 and B invests $60,000 in a business, and they earn a profit of $20,000, how much profit will B receive?
Solution:
Total investment = 40000 + 60000 = 100000. B's share = (60000/100000) * 20000 = $12,000.
Steps: 7
Show Steps
Step 1: Identify the amount A invested, which is $40,000.
Step 2: Identify the amount B invested, which is $60,000.
Step 3: Calculate the total investment by adding A's and B's investments: $40,000 + $60,000 = $100,000.
Step 4: Determine B's share of the total investment by dividing B's investment by the total investment: $60,000 / $100,000.
Step 5: Calculate B's share of the profit by multiplying B's share of the investment by the total profit: (60,000 / 100,000) * $20,000.
Step 6: Simplify the calculation: 0.6 * $20,000 = $12,000.
Step 7: Conclude that B will receive $12,000 in profit.
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