SOLUTION: Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Yinvests $7,000, Z invests $4,000. If the profits are $4,800, how much less does X r
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Question 1070213: Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Yinvests $7,000, Z invests $4,000. If the profits are $4,800, how much less does X receive than if theprofits were divided in proportion to the amount invested?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The ratios of the investments were
9:7:4
The fractions of the total for each investment is:
---------------
check:
OK
---------------
Divided equally, the profits for each are:
---------------
Divided in propotion to the invesytments:
X receives
Y receives:
Z receives
-------------------------
check:
----------------------------------
If profit are divided equally, X gets
$560
less than if divided by amount invested
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