SOLUTION: I have a homework question that I don't remember how to figure out. The questions is: the profits in a buisness are to be shared by 3 partners in the ratio of 3 to 2 to 5. The prof
Question 396257: I have a homework question that I don't remember how to figure out. The questions is: the profits in a buisness are to be shared by 3 partners in the ratio of 3 to 2 to 5. The profit for the year was $176,500. Determine the number of dollars the least partner recives. Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
Hi
profits shared by 3 partners in the ratio of 3 to 2 to 5
that is 3/10 + 2/10 + 5/10 = 'the whole pie' of $176,500
Dollars least partner receives = 2/10*$176,500 = $35,300
CHECKING our Answer
$52950 + $35,300 + $88250 = $176500