SOLUTION: Solve please Chester and Gaines have a partnership agreement that calls for profits to be paid in the ratio of 2:5. At the end of the year Gaines receives a check for $45,000. H

SOLUTION: Solve please Chester and Gaines have a partnership agreement that calls for profits to be paid in the ratio of 2:5. At the end of the year Gaines receives a check for $45,000. H

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Question 122066: Solve please
Chester and Gaines have a partnership agreement that calls for profits to be paid in the ratio of 2:5. At the end of the year Gaines receives a check for $45,000. How much total profit did the company make?
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
2:5=x:45,000
5x=2*45,000
5x=90,000
x=90,000/5
x=$18,000 is Chester's share.
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