document.write( "Question 55779: Harry, Dave, and George are the owners of a liquor store which is organized as a partnership. Harry put up $5,000 to get the store started. Dave put up $8,000 and George put up $2,000. They agree to share profit and loss based on the ratio of their respective initial investments. If the store earns a net profit of $30,000 for the year, how much of the $30,000 will George receive?
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document.write( " a. $2,000.00
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document.write( " b. $4,000.00
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document.write( " c. $6,000.00
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document.write( " d. $8,000.00
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Algebra.Com's Answer #37876 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! They contributed to the purchase in a ratio of 5x:8x:2x \n" ); document.write( "Harry is 5x \n" ); document.write( "Dave is 8x \n" ); document.write( "George is 2x \n" ); document.write( "EQUATION: \n" ); document.write( "5x+8x+2x=30000 \n" ); document.write( "15x=30000 \n" ); document.write( "x=2000 \n" ); document.write( "George =2x gets $4000 of the $30000 profit. \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |