SOLUTION: Steve and Elizabeth decide to become partners in a children's cooking school. they need $80,00 for the franchise. they invest in a 3:4 ration, respectively. about what percent of t

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Question 675682: Steve and Elizabeth decide to become partners in a children's cooking school. they need $80,00 for the franchise. they invest in a 3:4 ration, respectively. about what percent of the business is owned by Elizabeth?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +x+ = Elizabeth's share in dollars
+3%2F4+=+%28+8000+-+x+%29+%2F+x+
+3x+=+4%2A%28+8000+-+x+%29+
+3x+=+32000+-+4x+
+7x+=+32000+
+x+=+4571.43+
+8000+-+4571.43+=+3428.57+
Elizabeth's share is $4,571.43