Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Anthony, Bridgette and Coleen started a business with $15,000,$25,000 and $35,000 respectively. Anthony was paid 20% of the fotal profit as a salary and the

image text in transcribed
Anthony, Bridgette and Coleen started a business with $15,000,$25,000 and $35,000 respectively. Anthony was paid 20% of the fotal profit as a salary and the balance was divided in the ration of investment. If Anthony's total share (salary & profits) is $9,000, What is the total profit? (3 marks) Select one: a. $28,000 b. $27,000 c. $26,000 d. $25,000 e. $29,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Palgrave International Handbook Of Basic Income

Authors: Malcolm Torry

1st Edition

3030236137, 978-3030236137

More Books

Students also viewed these Finance questions