SOLUTION: the owner and a partner in a small business share profits in the ratio 2:1. for a month in which the business realizes a profit of $15,600. what is the owners share of the profit?
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Question 926153: the owner and a partner in a small business share profits in the ratio 2:1. for a month in which the business realizes a profit of $15,600. what is the owners share of the profit? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! the owner and a partner in a small business share profits in the ratio 2:1. for a month in which the business realizes a profit of $15,600. what is the owners share of the profit?
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2:1 is the same as 2x:x
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Equation:
2x + x = 15,600
3x = 15600
x = 5200
2x = 10400 (owner's share)
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Cheers,
Stan H.
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