Question 803016: Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, and Z invests $4,000. If the profits are $4,800 how much less does X receive if the profits were divided in proportion to the amount invested?
Found 2 solutions by fcabanski, stanbon:
Answer by fcabanski(1391)   (Show Source):
You can put this solution on YOUR website! If they divide the profits equally everyone receives 4800/3 = $1600.
If they divide profits proportionally to investment x receives 9000/(9000+7000+4000) = 9000/20000 = .45 of the profits. That's .45 * 4800 = 2160.
x receives $560 less by dividing profits equally.
Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, and Z invests $4,000. If the profits are $4,800 how much less does X receive if the profits were divided in proportion to the amount invested?
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Solve: 9000k + 7000k + 4000k = 4800
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20000k = 4800
k = 0.24
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X receives = 9000*0.24 = $2160
Y receives = $1680
Z receives = $960
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Cheers,
Stan H.
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