SOLUTION: Bill and John started partnership in business. Bill invested $40,000 and John invested $60,000. They agreed to share any profits in the ratio of their investments. If they made

Question 637083: Bill and John started partnership in business. Bill invested $40,000 and John invested $60,000. They agreed to share any profits in the ratio of their investments. If they made a profit $500,000 in the first year, how much Bill received, and how much did John recieved?
Answer by Tatiana_Stebko(1539) (Show Source): You can put this solution on YOUR website!
The ratio of Bill's investment to John's investment is 40000:60000=2:3
Let k is the ratio ceaficient
then Bill received 2k, John 3k
2k+3k=500,000
5k=500,000
k=100,000
Hence Bill received 200,000, John received 300,000
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