SOLUTION: One person puts in $2160 and another$900 as part of an investment.How should a profit of $680 from the investment be shared between them based on their contributions?
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Question 709608: One person puts in $2160 and another$900 as part of an investment.How should a profit of $680 from the investment be shared between them based on their contributions? Answer by vheroli(126) (Show Source):
You can put this solution on YOUR website! 2160+900=3060
Find their ratio by dividing both shares to its total
Share1= 2160/3060
= 12/17
Share2=900/3060
=5/17
Now multiply both shares to the profit to be proportionally shared.
Share1= 680* (12/17)=$480
Share2= 680* (5/17)= $200
