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?
AppendixLO1
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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