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
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Question 269971: 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 compared to having the profits divided in proportion to the amounts
invested by X, Y, and Z?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
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 compared to having the profits divided in proportion to the amounts
invested by X, Y, and Z?
----------------------------
Proportional Sharing:
Solve 9x + 7x + 4x = 4800
20x = 4800
x = 240
---------
X's proportional share: 9*240 = $2160
----
X's even share = 4800/3 = $1600
-------
Cheers,
Stan H.
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