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3 people invested $4,000, $7,000 and $5,000 respectively into a small business. (a) What was the ratio if their investments (reduced to the lowest terms)?
3 people invested $4,000, $7,000 and $5,000 respectively into a small business.
(a) What was the ratio if their investments (reduced to the lowest terms)?
(b) How much would each receive if profits were distributed according to this ratio and the total profit was $25,000? Round answer to the nearest dollar.
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