A legacy of £6000 is to be divided between Alfred,Arthur and Anne in the ratio 1:2:4,but first death duties of 12.5% must be paid.What does each receive? solved ques
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Alfred = £750 , Arthur = £1500 , Anne = £3000 if A legacy of £6000 is to be divided between Alfred,Arthur and Anne in the ratio 1:2:4,but first death duties of 12.5% must be paid
Step-by-step explanation:
A legacy of £6000
death duties of 12.5% = (12.5/100) * 6000 = £750
remaining amount = £6000 - £750 = £5250
Alfred,Arthur and Anne in the ratio 1:2:4
Alfred, = x
Arthur = 2x
Anne = 4x
total = x + 2x + 4x = 7x
7x = £5250
=> x = 750
Alfred = £750
Arthur = £1500
Anne = £3000
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