Three friends, A, B, and C, start a business with investments in the ratio of 2:3:1, respectively.

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Three friends, A, B, and C, start a business with investments in the ratio of 2:3:1, respectively. A invested $9130, and all three of them agree to share profits in the ratio of their investments.

a. Calculate C's investment.

b. If A's profit was $45,000 in the first year, calculate B's and C's profits.

c. In the second year, their total profit was $180,000. How much would each of them receive from this total profit?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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