Question

Appiah and bekha invested 25500 and 35500 respectively in a business. They made a profit of #6200 at the end of the year. 20% of the profit was shared equally between them while the remaining was shared on the ratio of their investments.Calculate appiahs share of the profit​

Answer 1

Answer:

$2693.442623

Step-by-step explanation:

First, 20% of the profit

20/100*6200

=$1240

Each person receives (from only the 20%) 1240/2=$620

Appiah and bekha invested 25500:35500

Total investment: 25500+35500=$61000

Percentage of Appiah's investment 25500/61000*100=(2550/61)% or (in decimal) ≈41.8%

Remaining 80% profit: 6200-1240=$4960

Appiah's share from profit=(2550/61)/100*4960

=2550/61*1/100*4960

=$(126480/61)

Total share of Appiah = (126480/61)+620

=$164300/61

or in decimal =  $2693.442623