SOLUTION: The profits for a partnership in the previous year were $160,000. There were two partners who shared the profits in the ratio of 5:4. Find the amount of profit each received.

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: The profits for a partnership in the previous year were $160,000. There were two partners who shared the profits in the ratio of 5:4. Find the amount of profit each received.      Log On


   

Question 168544: The profits for a partnership in the previous year were $160,000. There were two partners who shared the profits in the ratio of 5:4. Find the amount of profit each received.
Answer by Mathtut(3670) About Me  (Show Source):
You can put this solution on YOUR website!
partner one would receive 160000 * 5/9=$88888.89
partner two would receive 160000 * 4/9= $71111.11