Jack invested $500 in the shares of a company X and $750 in the shares of a company Y. After a year, he sold all the shares of both companies for $600 and $900 respectively. What is the ratio of return on investment from company X to that from company Y?
Answers
Answer:
it seems very tough let me firstly solve then I will tell you okk
Concept Introduction:-
It is a type of branch in which maths are deals with their own properties and also manipulation of numbers.
Given:-
We have been given investment of shares.
To Find:-
We have to find their ratio.
Solution:-
According to the problem
Given the amount invested in company x and y
Company x invest $500
Company y invest $750
After a year, both companies sold their shares as follows:
Company x sold his shares for $600
Company y sold his shares for $900
Return on investment x = $600 - $500 = $100
Return on investment y = $900 - $750 = $150
Get the ratio of return on investment from company x to that from the company;
Ratio= 100/150
= 2/3
Final Answer:-
The final answer is 2:3
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