Question 135409
If three people invest in a business and one puts in 300, one puts in 900, and one puts in 700, how do you divide up 95 in profit based on there investment?
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The three people invested at a ratio of 3:9;7
This is the same as 3x:9x:7x
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EQUATION:
3x+9x+7x = 95
19x = 95
x = 95/19
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3x = 3(95/19) = 285/19 = $15
9x = 9(95/19) = 3*15 = $45
7x = 7(95/19) = 7*5 = $35
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The 300 investor gets $15
The $900 investor gets $45
The $700 investeor gets $35
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Cheers,
Stan H.