SOLUTION: I have a homework question that I don't remember how to figure out. The questions is: the profits in a buisness are to be shared by 3 partners in the ratio of 3 to 2 to 5. The prof

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: I have a homework question that I don't remember how to figure out. The questions is: the profits in a buisness are to be shared by 3 partners in the ratio of 3 to 2 to 5. The prof      Log On


   

Question 396257: I have a homework question that I don't remember how to figure out. The questions is: the profits in a buisness are to be shared by 3 partners in the ratio of 3 to 2 to 5. The profit for the year was $176,500. Determine the number of dollars the least partner recives.
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi

profits shared by 3 partners in the ratio of 3 to 2 to 5

that is 3/10 + 2/10 + 5/10 = 'the whole pie' of $176,500

Dollars least partner receives = 2/10*$176,500 = $35,300



CHECKING our Answer

  $52950 + $35,300 + $88250 = $176500