Three wealthy business partners decided to invest $120,000, $300,000, and $180,000, respectively, to purchase an industrial plot

Question:

Three wealthy business partners decided to invest $120,000, $300,000, and $180,000, respectively, to purchase an industrial plot in the outskirts of the city. They required an additional $175,000 to build an industrial shed on the land. How much did each of them have to individually invest in the shed to maintain their original investment ratio?

AppendixLO1

Step by Step Answer:

Related Book For  book-img-for-question

Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

Question Posted: