Question

Jane and Julie went into business together. Jane contributed $10,000 and Julie contributed $6,000.After one year the business made a profit of $4,000. What proportion of the profits should Julie take if they are shared in the same ratio as their original contributions?
A. $1,000 B. $1,500 C. $2,000 D. $2,500

Answer 1

Answer:

Julie's share of the profits is (6/16)($4000) = $1500

Step-by-step explanation:

Write and solve an equation of ratios:

Jane's contrib. $10000 10

---------------------- = -------------- = ------ .

Julie's contrib. $6000 6

Adding 10 and 6 together, we get 16.

Julie's share of the profits is (6/16)($4000) = $1500. Jane would take (10/16)($4000), or $2500.

hope this helps u.

~V~

#peace

inst- vinayak_369