SOLUTION: Ed and Dave are going to divide a cash prize of $14,000 in a ratio of 2 to 5. How much will Dave receive? My answer for this was $4,000. Is this right? Thanks

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Ed and Dave are going to divide a cash prize of $14,000 in a ratio of 2 to 5. How much will Dave receive? My answer for this was $4,000. Is this right? Thanks      Log On


   

Question 72850: Ed and Dave are going to divide a cash prize of $14,000 in a ratio of 2 to 5. How much will Dave receive?
My answer for this was $4,000. Is this right?
Thanks
Answer by checkley75(3666) About Me  (Show Source):
You can put this solution on YOUR website!
2:5 SAYS THERE ARE 7 SHARES TO BE DIVIDED. 14000/7=2000 PER SHARE
2 SHARES TO ED & 5 SHARES TO DAVE
ED GETS 2*2000=$4000
DAVE GETS 5*2000=$10000