Question

7 Greg, Nigel and Mike buy a boat.
The information shows how much each of them paid towards the boat.
5th August 2012
Greg paid.
Nigel paid:
Mike paid.
Total cost of boat:
$1400
$1050
$1750
$4200
Five years later they sell the boat for $3300.
They share the money from the sale of the boat in the same ratio as they paid for the boat.
a How much does each of them receive from the sale of the boat?
b How much more money did Mike lose from the sale of the boat than Greg?
C Who made the smallest loss from the sale of the boat? How much did he lose?​

Answer 1

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