SOLUTION: Julie, Bill, and Travis have agreed to distribute the profits of JBT Partners in the ratio of 3:2:5. If the firm made a net profit of $81,000 this year, how much of this $81,000 w

Question 55778: Julie, Bill, and Travis have agreed to distribute the profits of JBT Partners in the ratio of 3:2:5. If the firm made a net profit of $81,000 this year, how much of this $81,000 will Travis receive?
a. $27,000.00
b. $24,300.00
c. $8,100.00
d. $40,500.00

Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
SEEING AS THERE ARE 2=3+5=10 SHARES & TRAVIS HAS 5 OF THE 10 THEN TRAVIS GETS 5/10 OR 50% OF THE PROFIT
50% OT 81000 IS .5*81000=$40,500 ANSWER d)
RELATED QUESTIONS
Three partners A,B and C agreed to share their annual net profit in the ratio 2 3 5. In a (answered by Theo)

Bill and John started partnership in business. Bill invested $40,000 and John invested... (answered by Tatiana_Stebko)

Two partners, Chit and Nap, wish to divide their own profits in the ratio of 3:4. If they (answered by ikleyn)

I have a homework question that I don't remember how to figure out. The questions is: the (answered by ewatrrr)

1.Three business partners A, B and C share the profits as follows the ratio of A's... (answered by Theo)

julie and kristen are the partners in a local sporting good shop . they needed $51,000 to (answered by stanbon)

good evening Three business partners, A, B and C, share the profits as follows: The (answered by greenestamps)

Three business partners are to share profits of $24,000 in the ratio 5:4:3. what is (answered by mananth)

Good day may you please assist me in the following question: Three business partners... (answered by greenestamps)