SOLUTION: Mr. Lynch owns (3/7) of the business and his share of the profits for the year was $60,000. Wilbur only owned (1/28) of the business. What was Wilbur's share of the profits?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Mr. Lynch owns (3/7) of the business and his share of the profits for the year was $60,000. Wilbur only owned (1/28) of the business. What was Wilbur's share of the profits?      Log On


   



Question 67416This question is from textbook Advanced mathematics
: Mr. Lynch owns (3/7) of the business and his share of the profits for the year was $60,000. Wilbur only owned (1/28) of the business. What was Wilbur's share of the profits? This question is from textbook Advanced mathematics

Answer by ptaylor(2198) About Me  (Show Source):
You can put this solution on YOUR website!
Mr. Lynch owns (3/7) of the business and his share of the profits for the year was $60,000. Wilbur only owned (1/28) of the business. What was Wilbur's share of the profits?
3/7=12/28
So 12/28=$60,000 divide both sides by 12
1/28(12/12)=$60,000/12
1/28=$5,000----------------------Wilbur's share

Hope this helps----ptaylor