SOLUTION: Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less does X

Algebra ->  Proportions -> SOLUTION: Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less does X       Log On


   

Question 71774: Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less does X receive than if the profits were divided in proportion to the amount invested?
Answer by Smirnov(15) About Me  (Show Source):
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Now, he (in the eaqual way) would get 4800%2F3=1600 dollars. Now, if the profits are spread by the amount invested, per dollar put in the person would get 4800%2F20000=0.24 Dollars (24 cents). Now if he put in 9,000 , he would get 0.24%2A9000=2160 Dollars. Now, 2160-1600=560. He recieved $560 less.